{"id":27533,"date":"2021-04-28T16:01:08","date_gmt":"2021-04-28T08:01:08","guid":{"rendered":"https:\/\/www.therfiles.com\/?p=27533"},"modified":"2023-11-19T17:27:59","modified_gmt":"2023-11-19T09:27:59","slug":"setting-up-limited-liability-partnership-llp-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/","title":{"rendered":"Limited Liability Partnership (LLP) &#8211; Setting Up, Annual and Tax Declaration Malaysia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27533\" class=\"elementor elementor-27533\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f4d184 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f4d184\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61a5401\" data-id=\"61a5401\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fddf6f8 elementor-widget elementor-widget-text-editor\" data-id=\"fddf6f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To set up a Limited Liability Partnership (LLP) or Perkongsian Liabiliti Terhad (PLT)<br \/><br \/><\/p><p style=\"text-align: center;\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-27536 size-full\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral.jpg\" alt=\"ssm office sentral\" width=\"640\" height=\"480\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral.jpg 640w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral-300x225.jpg 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral-600x450.jpg 600w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>SSM KL Sentral Level 17<\/p><br \/><p>*This is for non-member of Professional Body<\/p><p>*More <a href=\"https:\/\/www.ssm.com.my\/Pages\/Register_Business_Company_LLP\/LLP\/Starting-a-Limited-Liability-Partnership-(LLP).aspx\" target=\"_blank\" rel=\"noopener\">info of LLP on SSM Website<\/a><\/p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/><h3>MyLLP Portal Registration<\/h3><ul><li>Register a new account on <a href=\"https:\/\/myllp.ssm4u.com.my\/\" target=\"_blank\" rel=\"noopener\">myllp.ssm4u.com.my<\/a> by clicking &#8220;Register&#8221;.\u00a0<\/li><\/ul><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><ul><li>Once you\u2019ve successfully registered on the system, you will receive a Registration Notification email<\/li><\/ul><br \/><p><strong>There are two ways to activate your MyLLP account:<\/strong><\/p><h4>1. Activate Physically Nearest SSM Office<\/h4><ul><li>Bring the <a href=\"https:\/\/c.lazada.com.my\/t\/c.cQo6sO?url=https%3A%2F%2Fwww.lazada.com.my%2Ftag%2Fprinter%2F%3Fq%3Dprinter%26catalog_redirect_tag%3Dtrue\" target=\"_blank\" rel=\"noopener\">printed<\/a> Registration Notification email and original IC to the SSM Office Counter<\/li><li>Take your number and wait for your turn. Pass the email you printed and your IC to the person at the counter to verify your registration.<\/li><\/ul><p>*For SSM\u00a0KL Sentral, take the lift to Level 17<\/p><br \/><h4>2. Activate online &#8211; Prepare documents below and email to ubmhq@ssm.com.my<\/h4><div class=\"page\" title=\"Page 1\"><div class=\"layoutArea\"><div class=\"column\"><ul><li>Copy of identification card (front and back)<\/li><li>The account owner must take a picture with the identity card (IC) held at neck level\u00a0(Please ensure the picture is high resolution so that the details on the identity card are clear)<\/li><li>Supporting document that has name\/ picture of the account owner. (For example: Driving license, telephone bill or electricity bill)<\/li><\/ul><br \/><div class=\"layoutArea\"><div class=\"column\">\u00a0<\/div><\/div><\/div><\/div><\/div><p>Then you will receive an email that says your account has been activated. Use the same login and password you entered during registration.<\/p><p>Source:\u00a0<a href=\"https:\/\/www.ssm.com.my\/Pages\/FAQ\/FAQ-LLP.aspx\" target=\"_blank\" rel=\"noopener\">FAQ Limited Liability Partnership<\/a>\u00a0<\/p><br \/><h3>LLP Registration<\/h3><ul><li>Login to <a href=\"https:\/\/myllp.ssm4u.com.my\/\" target=\"_blank\" rel=\"noopener\">myllp.ssm4u.com.my<\/a>.<\/li><li>To check if the name you want for your LLP has been taken or not, go to the Menu &#8220;Starting a LLP&#8221; -&gt; Local Name Reservation -&gt; Enter &#8220;Proposed Name Reservation&#8221; -&gt; Search<\/li><li>To register an LLP, go to the Menu &#8220;Starting a LLP&#8221; -&gt; Direct Registration<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-53812 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--1024x472.jpg\" alt=\"\" width=\"1024\" height=\"472\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--1024x472.jpg 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--300x138.jpg 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--768x354.jpg 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--1536x708.jpg 1536w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--2048x944.jpg 2048w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/name--600x277.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><br \/><p style=\"padding-left: 40px;\">(1) Enter your LLP name. You can select the suffix: <strong>PLT<\/strong> or\u00a0<strong>Perkongsian Liabiliti Terhad<\/strong>. The system will add the suffix after the name (example: Sunshine PLT or Sunshine Perkongsian Liabiliti Terhad). Click &#8220;check name&#8221; button. Click on the &#8220;next&#8221; button.<\/p><p style=\"padding-left: 40px;\">(2) Enter Your LLP Details (Address can be your physical\/ virtual office, home, PO Box)<\/p><p style=\"padding-left: 40px;\">(3) Enter Your Business Code(s). (Up to 3 only)<\/p><p style=\"padding-left: 40px;\">(4) Enter Compliance Officer Details (example: yourself)<\/p><p style=\"padding-left: 40px;\">(5) Partner Details &#8211; Add Partner(s) Information<\/p><p style=\"padding-left: 40px;\">(6) Supporting Documents<\/p><p style=\"padding-left: 40px;\">(7) Fee and Declaration &#8211; Make Payment: RM500 by credit card or online bank transfer<\/p><ul><li>You will then receive an email &#8211; Approved (LLP is successfully registered) or Rejected (with reason and next course of actions).<\/li><\/ul><br \/><h3>Purchase and Download LLP Documents<\/h3><br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><ul><li>Login to &#8216;XCESS&#8217;: <a href=\"https:\/\/xcess.ssm4u.com.my\/?1\" target=\"_blank\" rel=\"noopener\">xcess.ssm4u.com.my<\/a><\/li><li>Select &#8220;Entity Search&#8221; and enter LLP name and Search<\/li><li>Click on the Entity<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-53816 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-1024x444.jpg\" alt=\"\" width=\"1024\" height=\"444\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-1024x444.jpg 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-300x130.jpg 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-768x333.jpg 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-1536x666.jpg 1536w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-2048x888.jpg 2048w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/12\/xcess-doc-600x260.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><br \/><ul><li>You can add the documents you want to the shopping Cart. For Language, you can select English, Malay or both. The documents are required for other applications such as bank account, tax file, etc.<\/li><\/ul><ul><li style=\"list-style-type: none;\"><ol><li>Registration Certificate: RM20<\/li><li>LLP Current Profile: RM20<\/li><\/ol><\/li><li>Go to Cart, confirm Order and Make payment.<\/li><\/ul><p>You will receive an email that says &#8220;A product order has been received and processed. Please go to &#8216;My Orders&#8217; on SSM XCESS to download the referenced product. The product order will be available within 7 days from the date of product purchase.&#8221; Now you don&#8217;t have to collect the documents at SSM, they will be automatically sent to your &#8216;Orders&#8217; to be downloaded.<\/p><br \/><p><strong>Note:<\/strong> You have to check &#8216;My Orders&#8217;. The products will be removed after 7 days.<\/p><p>I purchased the LLP Certificate and Profile, checked the Orders after the purchase but could not see anything there. So I called SSM after 7 days. After the 8th call (the person on the phone asked me to call another number), I finally got to the person in charge. This is the number: 03-2299 4744. She sent me the documents.<\/p><br \/><h3>LLP Agreement<\/h3><p>The limited liability partnership agreement shall be in the national language or<br \/>English language, and shall consist of the following particulars:<br \/>(a) the name of the limited liability partnership;<br \/>(b) the nature of business of the limited liability partnership;<br \/>(c) the amount of capital contribution by each partner; and<br \/>(d) that the partners have agreed to become partners of the limited liability partnership<\/p><br \/><p>In the absence of an LLP agreement the Second Schedule of the <a href=\"https:\/\/www.ssm.com.my\/sites\/default\/files\/acts\/LLP%20ACT%202012%20-%20For%20Portal_new.pdf\" target=\"_blank\" rel=\"noopener\">LLP Act 2012<\/a> shall apply. (Search for Second Schedule Clauses)<\/p><br \/><h2>LLP Obligations<\/h2><h3>TAX FILE<\/h3><ul><li>Register a Tax File for your LLP online at <a href=\"https:\/\/mytax.hasil.gov.my\/ezHasil?data=e-Daftar&amp;id=ezHasil%20sebelum\" target=\"_blank\" rel=\"noopener\">e-Daftar<\/a>. (Tarikh Mula Akaun is the incorporation date. Tarikh Tutup Akaun is the Accounting period end date. You can leave the Maklumat Ejen Cukai blank if you don&#8217;t have one).<\/li><li>You\u2019ll also need to submit a copy of your LLP certificate.<\/li><li>After the application, you will be given income tax no. PT xxxxx xxxxx (10 digit number)<\/li><\/ul><h3>TAX ESTIMATE<\/h3><ul><li>If you\u2019re an SME (less than RM 2.5 million paid-up capital, and not related to a company &gt; RM 2.5 million capital), you don\u2019t need to fill up the tax estimate portion for the first 2 years. Have to fill submit Form CP204 anyway, but leave sections 2 and 6 blank. Basis Period (Tempoh Asas) is the business commencement date till the end of accounting period.<\/li><li>Now CP204 form for Income Tax Estimate can be filled online: <a href=\"https:\/\/mytax.hasil.gov.my\/eFiling\" target=\"_blank\" rel=\"noopener\">ez.hasil.gov.my<\/a> (e-Filing -&gt; e-Company&#8217;s Tax Estimation -&gt; e-CP204). Info on <a href=\"https:\/\/www.therfiles.com\/e-filing-pin-number-application\/\">How to apply for ezHASIL Login<\/a>.<\/li><\/ul><br \/><h3>EMPLOYEES<\/h3><p>If you have employees, apply EPF within 7 days of hiring an employee and SOCSO within 30 days.<\/p><h3>EMPLOYER\u2019S FILE (Borang Daftar Majikan)<\/h3><ul><li>All LLPs have to register for an Employer\u2019s File which can be done online here: <a href=\"https:\/\/edaftar.hasil.gov.my\/majikan\/dafemajikan.php\" target=\"_blank\" rel=\"noopener\">DaftarMajikan<\/a> to get the E number in 3 days. My application got approved in 2 days. Partners are not considered as employees.<\/li><\/ul><h3>EMPLOYER\u2019S RETURN FORM (Borang E)<\/h3><ul><li>Submit Employer\u2019s Return Forms (Borang E, example E-2018) by 31st March every year even you don&#8217;t have any employees, starting from the following year of LLP registration.<\/li><li>Online: According to LHDN, LLP (PLT) can fill out the Borang E online, Login to <a href=\"https:\/\/mytax.hasil.gov.my\/\" target=\"_blank\" rel=\"noopener\">ez.hasil.gov.my<\/a>. Select E-filing &gt; e-Borang &gt; e-E\u00a0<\/li><li>For offline: To download the form go <a href=\"https:\/\/www.hasil.gov.my\/en\/forms\/download-forms\/download-form-employer\" target=\"_blank\" rel=\"noopener\">BorangMajikan<\/a>. Select Borang Majikan and the year of taxation. (This form is for reference only)<\/li><\/ul><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/><h3>ANNUAL DECLARATION<\/h3><ul><li>Annual Declaration can be done online <a href=\"https:\/\/myllp.ssm4u.com.my\/\" target=\"_blank\" rel=\"noopener\">myllp.ssm4u.com.my<\/a>.<\/li><li>Go to Menu &#8220;Post Registration&#8221; -&gt; Annual Declaration -&gt; Submit Annual Declaration<\/li><li>First annual declaration needs to be done within 18 months from your LLP\u2019s registration date. For subsequent years, it needs to be done within 90 days from the end of your LLP\u2019s financial year. Example: Registration date: 12th July 2017.<ul><li>Financial year: 1st Jan \u2013 31st Dec<\/li><li>First accounting period: 12th July 2017 \u2013 31st Dec 2018<\/li><li>First Annual Declaration: 12th July 2017 + 18 months = by 11th Dec 2018<\/li><li>Future Annual Declaration: 31st Dec + 90 days = by end March every year<\/li><li>Submission of Tax Declaration: 31st Dec + 7 months = by end July every year<\/li><\/ul><\/li><\/ul><p><strong>Information required:<\/strong> Capital Contribution of each partner, enter 0 if no contribution.<br \/>Fiscal Year End, Financial indicators (in RM): Assets, Liabilities, Revenue, Profit\/ Loss.<\/p><br \/><h3>TAX DECLARATION<\/h3><ul><li>Submit Within 7 months from the end of your accounting period. For example, 1st Jan to 31st Dec, you need to submit your tax declaration by end July.<\/li><\/ul><h4>e-Filing<\/h4><p>Tax filing can now be done online on ez.hasil.gov.my.<br \/><a name=\"apply\"><\/a><br \/><span style=\"text-decoration: underline;\"><strong>Application for LHDN ezHASIL Login<\/strong><\/span><\/p><ul><li><a href=\"https:\/\/www.therfiles.com\/e-filing-pin-number-application\/\">Apply for ezHASIL Login<\/a> Pin number\/ digital certificate for your LLP for e-filing.<\/li><li>For any inquiries you can send you questions here:\u00a0<a href=\"https:\/\/borangmaklumbalas.hasil.gov.my\/Submission\/Submission\/?id=5085#\/create\/3\" target=\"_blank\" rel=\"noopener\">BorangMaklumBalas<\/a> or use the HASILchat system on the ezHasil website<\/li><\/ul><p>*The chat system disconnected and reconnected itself every 3 seconds, and occasionally the system logs itself out. I have to restart the chat with another support person who would have to read the chat history of my request. It was a desperate move as I sent an inquiry but no one answered it, sigh! For a department that collects tax from us, if this is what it can offer, I am utterly underwhelmed.<\/p><p><strong><span style=\"text-decoration: underline;\">First Time Login and Tax Filing<\/span><\/strong><\/p><p>They will send you an email with the OeF Pin No. Then<\/p><ul><li>Log on at <a href=\"https:\/\/mytax.hasil.gov.my\/\" target=\"_blank\" rel=\"noopener\">mytax.hasil.gov.my<\/a>.<\/li><\/ul><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><ul><li>Click First Time Login. Enter your PIN No. (OeF) and Reference No.(Identification No.) to register your Digital Certificate.<\/li><\/ul><br \/><br \/><p><span style=\"text-decoration: underline;\"><strong>To Login and File your LLP Tax Online<\/strong><\/span><\/p><p>From 1 January 2023, OeF and Administrator roles will only use individual digital certificates for all taxation matters.<\/p><p>To change the role from individual to organization, please follow the steps below:-<\/p><ul><li>Click on Login: <a href=\"https:\/\/mytax.hasil.gov.my\/\" target=\"_blank\" rel=\"noopener\">mytax.hasil.gov.my<\/a><\/li><li>Enter your Reference No. (Identification No.) and password (Login with the individual ID of the director)<\/li><li>Select the &#8220;Role Selection&#8221;<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-55891 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-1024x386.png\" alt=\"\" width=\"1024\" height=\"386\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-1024x386.png 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-300x113.png 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-768x290.png 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-1536x580.png 1536w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-2048x773.png 2048w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/tax-file--e1690162439981-600x226.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><p><br \/><br \/><\/p><ul><li>Under &#8220;Directors of the Company&#8221; -&gt; Select Company.<\/li><li>Organization information view will be displayed.<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-55893\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company-1024x486.png\" alt=\"\" width=\"600\" height=\"285\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company-1024x486.png 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company-300x143.png 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company-768x365.png 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company-600x285.png 600w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/directories-of-company.png 1364w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><br \/><ul><li>Go to Menu -&gt; ezHasil Services -&gt; &#8220;e-Filing&#8221; -&gt; e-Form<\/li><li>Choose the relevant form and the year of assessment<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-55889 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-1024x455.png\" alt=\"\" width=\"1024\" height=\"455\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-1024x455.png 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-300x133.png 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-768x341.png 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-1536x683.png 1536w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-2048x911.png 2048w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/e-filing-forms-600x267.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><br \/><ul><li>Enter your business Income Tax No. and Click Proceed<\/li><\/ul><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-32792 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number-1024x389.png\" alt=\"taksiran year tax file number\" width=\"1024\" height=\"389\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number-1024x389.png 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number-300x114.png 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number-768x292.png 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number-600x228.png 600w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/08\/taksiran-year-tax-file-number.png 1048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><ul><li>Complete the form and click Sign and Submit. Acknowledgement Receipt will appear. Please <a href=\"https:\/\/c.lazada.com.my\/t\/c.cQo6sO?url=https%3A%2F%2Fwww.lazada.com.my%2Ftag%2Fprinter%2F%3Fq%3Dprinter%26catalog_redirect_tag%3Dtrue\" target=\"_blank\" rel=\"noopener\">print<\/a> and save the acknowledgement.<\/li><\/ul><br \/><h4>Manual process<\/h4><p>submit Form PT 20xx (Malay version) to LHDN by post\/hand to Bangi branch.<\/p><ul><li>You can download the form BorangNyataTax &#8211; Borang: &#8220;Selain Syarikat &amp; Selain Individu&#8221; and select year of taxation. Scroll down to &#8220;Perkongsian Liabiliti Terhad&#8221;.<\/li><li>The English version of PT20xx is for reference only and cannot be used for submission.<\/li><\/ul><br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-8391684328362487\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- the r files -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-8391684328362487\"\n     data-ad-slot=\"2295541292\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/><h3>Tax Declaration Terms<\/h3><ul><li>Pendapatan Kasar (Gross Income)<\/li><li>Pendapatan Larasan (Adjusted Income\/ Loss): Gross income minus allowable expenses<\/li><li>Elaun Modal (Capital Allowance): Money spent on business assets such as car, machine, furniture, office equipment<\/li><li>Pendapatan Berkanun (Statutory Income): Adjusted Income minus Capital Allowance<\/li><li>Pendapatan Agregate (Agregate Income): if there are more than one businesses in the company, all the statutory income will be accumulated<\/li><li>Rugi Perniagaan Tahun Semasa (current year business loss) &#8211; Business Loss example: Property Loss &#8211; Physical damage to property, equipment example by fire. Liability loss &#8211; A business may be held liable for injuries suffered by an individual. Business premise renovation is capital expenditure not business loss.<\/li><li>Pendapatan dikenakan cukai (Chargeable Income): After all adjustments are made, the company tax can be calculated from this amount<\/li><li>Pelupusan aset (Asset disposal) is the act of selling an asset usually a long term asset that has been depreciated over its lifespan like machine.<\/li><li>Cukai pegangan (Withholding tax or Retention tax) is an income tax to be paid to the government by the payer of the income instead of the payee. The tax is withheld or deducted from the income to be paid to the payee. For example, employment income.<\/li><li>Tempoh asas (basis period) is the period the partnership pays tax each year and is usually the same as the accounting period.<\/li><li>Amaun diserap (amount absorbed) &#8211; manufacturing costs (variable and fixed overhead costs) that have been assigned to the units of goods produced example: materials, direct labor, rent, and insurance<\/li><\/ul><br \/><h3>Current Bank Account for LLP<\/h3><p>To open a bank account for your LLP: CIMB Current Account<\/p><p>Download the form here: <a href=\"https:\/\/www.cimb.com.my\/en\/business\/solutions-products\/deposit-investments\/current-account\/online-business-current-account.html\" target=\"_blank\" rel=\"noopener\">CIMB Current Account for Business<\/a>. Fill up the form and go to the bank and submit the form physically.\u00a0<\/p><p>Cimb Corporate Account Contact Number: 1300 888 828<\/p><br \/><p><a href=\"https:\/\/www.hasil.gov.my\/en\/individual\/introduction-individual-income-tax\/when-is-taxable\/\" target=\"_blank\" rel=\"noopener\">When is Taxable<\/a><\/p><p>According to Hasil- MyTax website, individuals who earn an annual employment income of more than RM34,000 and has a Monthly tax Deduction (MTD) is eligible to be taxed.<\/p><p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-55909 size-large\" src=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-1024x299.png\" alt=\"\" width=\"1024\" height=\"299\" srcset=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-1024x299.png 1024w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-300x88.png 300w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-768x224.png 768w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-1536x449.png 1536w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-2048x598.png 2048w, https:\/\/www.therfiles.com\/wp-content\/uploads\/2023\/07\/individual-tax-file-600x175.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><br \/><h4>Sources<\/h4><p>*You can follow the steps described by <a href=\"https:\/\/www.mr-stingy.com\/limited-liability-partnership-malaysia\/\" target=\"_blank\" rel=\"noopener\">Mr-Stingy<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>To set up a Limited Liability Partnership (LLP) or Perkongsian Liabiliti Terhad (PLT) SSM KL Sentral Level 17 *This is for non-member of Professional Body *More info of LLP on SSM Website MyLLP Portal Registration Register a new account on myllp.ssm4u.com.my by clicking &#8220;Register&#8221;.\u00a0 Once you\u2019ve successfully registered on the system, you will receive a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[426,429],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files\" \/>\n<meta property=\"og:description\" content=\"To set up a Limited Liability Partnership (LLP) or Perkongsian Liabiliti Terhad (PLT) SSM KL Sentral Level 17 *This is for non-member of Professional Body *More info of LLP on SSM Website MyLLP Portal Registration Register a new account on myllp.ssm4u.com.my by clicking &#8220;Register&#8221;.\u00a0 Once you\u2019ve successfully registered on the system, you will receive a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/\" \/>\n<meta property=\"og:site_name\" content=\"The Research Files\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-28T08:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-19T09:27:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/\",\"url\":\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/\",\"name\":\"Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files\",\"isPartOf\":{\"@id\":\"https:\/\/www.therfiles.com\/#website\"},\"datePublished\":\"2021-04-28T08:01:08+00:00\",\"dateModified\":\"2023-11-19T09:27:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.therfiles.com\/#\/schema\/person\/30643e5a75d38f5be4fb5630b36d2d0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.therfiles.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Limited Liability Partnership (LLP) &#8211; Setting Up, Annual and Tax Declaration Malaysia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.therfiles.com\/#website\",\"url\":\"https:\/\/www.therfiles.com\/\",\"name\":\"The Research Files\",\"description\":\"Don&#039;t Believe Everything You See, Hear or Read\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.therfiles.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.therfiles.com\/#\/schema\/person\/30643e5a75d38f5be4fb5630b36d2d0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.therfiles.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/01\/profile-iphone-150x150.jpg\",\"contentUrl\":\"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/01\/profile-iphone-150x150.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.therfiles.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/","og_locale":"en_GB","og_type":"article","og_title":"Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files","og_description":"To set up a Limited Liability Partnership (LLP) or Perkongsian Liabiliti Terhad (PLT) SSM KL Sentral Level 17 *This is for non-member of Professional Body *More info of LLP on SSM Website MyLLP Portal Registration Register a new account on myllp.ssm4u.com.my by clicking &#8220;Register&#8221;.\u00a0 Once you\u2019ve successfully registered on the system, you will receive a [&hellip;]","og_url":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/","og_site_name":"The Research Files","article_published_time":"2021-04-28T08:01:08+00:00","article_modified_time":"2023-11-19T09:27:59+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.therfiles.com\/wp-content\/uploads\/2021\/04\/ssm-office-sentral.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/","url":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/","name":"Limited Liability Partnership (LLP) - Setting Up, Annual and Tax Declaration Malaysia - The Research Files","isPartOf":{"@id":"https:\/\/www.therfiles.com\/#website"},"datePublished":"2021-04-28T08:01:08+00:00","dateModified":"2023-11-19T09:27:59+00:00","author":{"@id":"https:\/\/www.therfiles.com\/#\/schema\/person\/30643e5a75d38f5be4fb5630b36d2d0b"},"breadcrumb":{"@id":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.therfiles.com\/setting-up-limited-liability-partnership-llp-in-malaysia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.therfiles.com\/"},{"@type":"ListItem","position":2,"name":"Limited Liability Partnership (LLP) &#8211; Setting Up, Annual and Tax Declaration Malaysia"}]},{"@type":"WebSite","@id":"https:\/\/www.therfiles.com\/#website","url":"https:\/\/www.therfiles.com\/","name":"The Research Files","description":"Don&#039;t Believe Everything You See, Hear or Read","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.therfiles.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.therfiles.com\/#\/schema\/person\/30643e5a75d38f5be4fb5630b36d2d0b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.therfiles.com\/#\/schema\/person\/image\/","url":"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/01\/profile-iphone-150x150.jpg","contentUrl":"https:\/\/www.therfiles.com\/wp-content\/uploads\/2022\/01\/profile-iphone-150x150.jpg","caption":"admin"},"url":"https:\/\/www.therfiles.com\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/posts\/27533"}],"collection":[{"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/comments?post=27533"}],"version-history":[{"count":84,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/posts\/27533\/revisions"}],"predecessor-version":[{"id":55926,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/posts\/27533\/revisions\/55926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/media\/27536"}],"wp:attachment":[{"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/media?parent=27533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/categories?post=27533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therfiles.com\/wp-json\/wp\/v2\/tags?post=27533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}