YYC Services

To register as a taxpayer with the Inland Revenue Board of Malaysia (IRBM)

To download the income tax return form online or get it from the nearest IRBM branch (if the form does not reach on time.

To complete Form B (sole proprietor) and Form P (partnership) manually / via e-filing.

To prepare statement of accounts and other statements such as rental statements and commission statements.

To engage qualified tax agent to prepare business accounts (if required)

Refer to supporting documents such as life insurance receipts, donation receipts, receipt books, zakat receipts for deductions, reliefs and rebate

Husband and wife to fill separate Income Tax Return Forms.

To compute their tax payable.

To submit the Income Tax Return Form by the due date.

Keep all business records, supporting documents for deductions, reliefs and rebate for a period of 7 years.

Business records include profit and loss account, balance sheet, sales records, purchase records, stock receipts, bills and bank statements.

To comply with the instalment scheme (CP500)

Additional Information on Partnership

Tax Responsibilities

o The Precedent Partner is responsible for filling up Form P and issuing Form CP30 to each and every partner.
o CP30 shows distribution of income (profit/loss) to each partner.
o Every partner has to report his share of partnership income in his Form B.
o Precedent Partner is also responsible for informing LHDNM officially if the partnership ceases/changes to
a sole proprietorship/private limited company

YYC Tax Services

1. CORPORATE TAX COMPLIANCE SERVICE

2. TAX PLANNING & ADVISORY SERVICE

To prepare and file at the Inland Revenue Board (IRB), the Company’s annual tax return (Form C) and, in that connection, prepare the income tax computation.
To advise the payment of the balance of tax (if any) based on the Company’s annual tax return
To advise the due date for submission of the return of original estimated tax payable (Form CP 204) and compliance requirements in relation to the amount of the estimated tax.
To complete and submit the Form CP 204 based on the amount of estimated tax payable furnished by the company.
To remind for the 6th and 9th month’s revision of estimates of tax payable
To prepare and submit the revision of estimate of tax payable via Form CP204A, if any.
To remit monthly tax instalments payment at the IRB payment counter (excluding cheque collection services from your office)
To send the tax instalment scheme or CP 204 to the company and to confirm receipt of the same.

Company Tax Planning

- Re-structuring
- Group relief
- Group credit set-off

Application of tax incentives

- Pioneer status
- Investment tax allowance
- Reinvestment allowance

Company allowance

- Industrial building allowance
- Export allowance
- Double deduction

Retirement scheme
Pre-tax audit
Withholding tax planning & advisory
Real Property Gain Tax (RPGT)

3. CLUBS, ASSOCIATIONS, MANAGEMENT CORPORATION OR SIMILAR INSTITUTIONS

To prepare and file at the Inland Revenue Board (IRB), the association’s annual tax return (Form TF) and, in that connection, prepare the income tax computation.
To advise the payment of the balance of tax (if any) based on the association’s annual tax return
To advise the due date for submission of the return of original estimated tax payable (Form CP 500) and compliance requirements in relation to the amount of the estimated tax.
To remind for the revision of estimates of tax payable
To prepare and submit the revision of estimate of tax payable via Form CP502, if any.
To send the tax instalment scheme or CP 500 to the company and to confirm receipt of the same.

4. OTHER TAX SERVICES

Form EA
Form E
Tax Clearance
Tax Credit Refund
Tax Credit Set-off

SME Recognition Award for Service Excellence in 2013,
Golden Eagle Award in 2015 and 2016,
BrandLaureate SMEs Best Brands Award 2017/2018,
ACCA Approved Employer- Trainee Development, Platinum, and
Business Sustainability Excellence Award in 2019,
and are highly valued by SME Corp for service excellence.

Who We Are

YYC was founded by Mr. and Mrs. Yap in 1974. In 2012, Yap’s children, Yap Shin Siang and Yap Zhi Chau officially took over the company.

Over a series of mergers and acquisitions, we have grown from 50 to almost 800 staff today.

We currently operate and service clients across Kuala Lumpur, Selangor, Johor, Penang and Singapore.

We have collectively serviced more than 20,000 clients to date and won the attention of OCBC Bank to invest and become strategic partner in YYC.

The YYC Group has bagged several accolades such as:

With more than 48 years of experience,
YYC Group is familiar with the contemporary business challenges in a volatile global market.

At YYC, we help clients realise tax planning opportunities and meet tax compliance responsibilities. We help by addressing their tax issues up front through a variety of tax compliance services, advisory, as well as careful and sophisticated tax planning.

We also help in analysing and implementing tax-efficient corporate structures and transactions in assisting clients to mitigate and minimize tax risk. Should the need arise, our practical experience in dealing with the authority will best represent our clients before the Inland Revenue Board of Malaysia (IRBM).