Accounting & Tax Services
In Malaysia

Tax Submissions & Audit Experts

Servnetic Accounting & Tax Consultancy is your go-to accounting firm in Penang and KL for small businesses’ income tax needs. 

Our seasoned professionals accurately and promptly handle, complete, and submit business income taxes for sole proprietors and partnerships and personal income taxes. We extend our support to liaise with LHDN officers for any tax and audit matters, ensuring a seamless process from start to finish. Acting as intermediaries, we alleviate your concerns by resolving tax and audit-related issues. 

With a core team deeply rooted in taxation and auditing expertise, trust us to navigate complexities, secure financial freedom, and maximise tax benefits. Contact us today for accounting and tax services in Malaysia.

Sole Proprietor Business IncomeForm B

Sole Proprietor Business Income (Form B )

Declaration of income tax for an individual with own business

Partnership Business Income (Form P)

Declaration of income tax for partnership business

Partnership Business Income Form P
Personal Income Form BE

Personal Income (Form BE)

Declaration of income tax for an individual without own business

Employment Declaration (Form E & Form EA)

Declaration of income tax from employer and employee

Employment Declaration Form E Form EA


We help our valued clients to liaise with the IRBM or LHDN officers for any tax-related issues from the beginning to the end.

With our team anchoring in taxation expertise, we can stand up to the closest scrutiny to help you increase your business profitability, ensure high accuracy, and adhere to Malaysian regulations so you can take advantage of your business to maximize tax benefits and reach financial freedom.

With a corporate tax rate of 17% or 24% in Malaysia depending on the business’s gross income, many business owners will think about how they cancan they reduce company tax in Malaysia.

If you are a small business owner in Malaysia, you can be relieved because we are equipped with three actionable ways to reduce your corporate tax payment and save money for your company. 

  1. Claim all business expenses
    You must ensure to record every single one of your company’s expenses in your accounting records. Remind your directors who incurred expenses on behalf of the company to claim back for accounting records at the end of the financial year.
  2. Learn the tax incentives for companies in Malaysia
    Understand that there are tax incentives and tax exemption schemes to reduce company tax payable in Malaysia. For example, you can take advantage of the investment tax allowance ranging from 60% to 100%, as well as reinvestment allowances of up to 60% on your company’s capital investment.
  3. Learn the types of tax deductions from expenses
    Learn what business-related outgoings and expenses can be deducted from your taxes by being aware of what constitutes an expense. 

The following are allowable items that can be deducted from your taxable income, which also may vary according to your industry:

  • Employment costs 
  • Business insurance
  • Rental of premises
  • Lease rental on machinery and plan 
  • Utilities, phone, and internet charges
  • Printing and Stationeries
  • Advertisement to promote sales
  • Maintenance
  • License renewal
  • Staff training
  • Travelling allowance for employees
  • Petrol or mileage for employees
  • Legal fees for debt recovery
  • Commission to secure sales
  • Repainting of company premises

The value of monthly accounting services is significantly more than that of annual services. If an accountant only looks at your financial records once a year, it will be too late to offer suggestions that might have increased your revenue for the current year and reduced your tax obligations for the previous year.

5 ways monthly accounting pays for itself:-
· It saves you time
· You get regular business profitability advice
· You have peace of mind that your finances are handled well
· Your tax liability is reduced
· You can make more proactive financial decisions.

To help you optimise your profits, our seasoned team of accountants will offer proactive business guidance and tax planning. Our client service is what distinguishes our company from all the rest. Additionally, we prioritise getting in touch with clients regularly since we care about your company’s success. To learn more about our services, do get in touch with us!

It might be more affordable and efficient to outsource bookkeeping to a firm that provides professional services.

Accounting is essential for small business owners since it allows owners, managers, investors, and other shareholders to examine the financial performance of the business.


Accounting’s primary goal is to detect, quantify, and transmit economic information by recording financial transactions in the books of accounts. Also, IRB mandates that you retain your books at a minimal level that tracks income and expenses.

Yes, you still need to file tax returns, even if your business does not have profit. This is important if you need your loan to be approved to finance your house. You will be required to show your tax acknowledgement receipt as a financial proof to process your loan application

Keep calm. Different actions may be necessary depending on the type of error you made.

If you forgot to include a certain piece of information, the IRB will likely contact you to request the specific piece of information.

The IRB will find numerous minor mathematical errors when it analyses the result if you committed a calculation error. It’s improbable that you will need to fix insignificant mistakes.

If you have further questions or concerns about an error on your tax return, or if you need help filing an amended tax return, contact us to learn more.

A lot of clients panic when they see the audit letter from IRB. There are always chances that IRB might audit your corporation or personally, Servnetic Enterprise due to expert knowledge in tax help to communicate and deal with IRB directly on your behalf. This will create peace of mind for you as we will take care of all your IRB audit needs.

We will, yes. We can advise in deciding out which expenses are deductible by carefully analyzing your business and related charges.

Outsourcing payroll saves your time and money. After accounting for all the factors, it is less expensive to have a third party handle your payroll. Furthermore, having a payroll specialist watch over your compliance gives you peace of mind. To help startups and small businesses, Servnetic offers expert accounting and tax services as well as consultation.


Your Best Malaysia Company Tax Specialist And Advisor Is Here!
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