Automation Capital Allowance (Automation CA) for Manufacturing and Servicess Sectors

Manufacturers involved in innovative and productive activities eligible for an Automation Capital Allowance (Accelerated Capital Allowance) of 200% on the first RM10 million of qualifying capital expenditure.

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Incentive For Reinvestment Under New Industrial Master Plan (NIMP) 2030

New Industrial Master Plan (NIMP) 2023 offers reinvestment incentive with two tiers. Tier 1 providing Investment Tax Allowance (“ITA”) of 100% qualifying capital expenditure (“QCE”) against 100% of statutory income and Tier 2 offering ITA of 60% QCE against 70% of statutory income. This incentive is designed to encourage existing companies to reinvest in high-growth and high-value activities.

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Johor-Singapore Special Economic Zone-cover

Johor-Singapore Special Economic Zone (JS-SEZ)

On 8 January 2025, Malaysia Government announced a tax package incentive for The Johor-Singapore Special Economic Zone (JS-SEZ). JS-SEZ offers a special corporate tax rate 5% for up to 15 years for new investment in qualifying activities such as aerospace manufacturing, medical devices, global services hubs and artificial intelligence and also special personal income tax rate 15% for 10 years for knowledge worker.

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Family Office Incentive Scheme in Forest City Free Trade Zone (FCFTZ)

First location in Malaysia which provide 0% concessionary tax rate for family offices. This incentive is valid for an initial period of 10 years and an additional 10 years with further conditions.

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Green Investment Tax Allowance (GITA) For Own Comsumption

Companies undertake in green technology project for own consumption may enjoy up to 100% Green Investment Tax Allowance (“GITA”) to be offset against 70% of statutory income. Promoted activities such as green building, renewable energy system, energy efficiency, battery energy storage system, electric vehicles etc.

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Malaysia Cold Chain Facilities

Investment in cold chain facilities or providing services for perishable agricultural produce such as fruits, vegetables, flowers, ferns, meat and aquatic products eligible for tax exemption up to 70% of statutory income or Investment Tax Allowance of 60% up to 5 years.

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Malaysia Global Services Hub Tax Incentive

With Global Services Hub tax incentive, the companies will benefit from corporate income tax rates of 5% or 10% based on outcome for a period of up to ten (10) years. This incentive aims to establish Malaysia as a competitive hub in the global service sector in the region.

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Why Dubai

The UAE's 0% corporate tax policy transcends numbers; it's an invitation to transform your business aspirations into reality. With a robust infrastructure, a strategic location, and a welcoming environment, the UAE beckons entrepreneurs and visionaries to harness its potential.

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people from different countries having meeting discussion

Improving Transfer Pricing Compliance

The Transfer Pricing Rules 2023 supersedes the rules that were released in 2012. Significant changes were made with the intention to boost compliance and provide taxpayers with more clarity with regards to Transfer Pricing compliance.

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Malaysia Digital Tax Incentive

MSC Malaysia Status Service Incentive is now rebranded to Malaysia Digital (“MD”). Companies awarded with MD status shall be entitled to a set of incentives, rights and privileges from the Government of Malaysia. MD status companies have flexibility to choose benefits (either with or without tax incentives).

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Why Listing on 1Exchange (1X)?

1X’s strategic shareholder is SGX. 1X is widely regarded as 3rd Board and 1st MAS-regulated and cost-effective Private Securities Exchange in Singapore to design for private companies to enable them to trade on private share and provide ESOS and liquidity for their investors and employees, respectively.

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Why Singapore?

Singapore is a strategic base to implement your growth strategies and to manage and integrate your operations for the region and beyond. Being one of the lowest income tax rate countries, Singapore has further announced a full and partial tax exemption for the newly incorporated company for the first 3 years consecutively.

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Mandatory Sustainability Reporting

Stakeholders, including investors, regulators, customers, etc., are increasing focus on sustainability performance. How organizations translates their sustainability practices into positive social and environmental impacts. Stakeholders eye for improved operating efficiency, natural resource stewardship, community relations and more.

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Japan Desk ジャパンデスク

当事務所のジャパンデスクは、長年マレーシアに在住し、日マ双方のビジネス環境、文化、習慣を熟知したディレクターが担当しています。包括的な業界知識と、クライアントサービス経験を活かし、ローカルのプロフェッショナルチームと連携し、日系企業の皆様にきめ細かなサービスをご提供しています。そして法令順守、業務課題の解決、ビジネス機会の抽出と最大化、効率の向上、その成果としての事業目標の達成に貢献いたします。

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WHO WE ARE

Founded in 2002, ShineWing TY TEOH is a leading regional consultant and accounting firm in Malaysia, ranked top 15 largest in Malaysia by Malaysia Survey of International Accounting Bulletin, with office presences in Malaysia to provide a diverse spectrum of business solutions and consulting services to public listed companies, Fortune 500 companies and multi-national corporations, representing a cross section of major industries.

ShineWing TY TEOH is Approved and Registered Auditors of (i) Public Company Accounting Oversight Board, USA; (ii) Labuan Financial Services Authority, Malaysia.

ShineWing TY TEOH is an independent member firm of ShineWing International and Praxity.

With belt and road initiative in China, ShineWing International (“SWI”) was initiated in Year 2014 and established as a global network of independent accounting and consulting firms in Year 2015. SWI is consistently ranked as Top 20 largest accounting network by the World Survey of International Accounting Bulletin (IAB).

Well-positioned in the Asia-Pacific region, ShineWing plans to take further steps to expand into Europe, North America, Africa, Middle East and Latino America. With the progressive expansion, ShineWing was just selected as the winner for the category “Rising Star Network” for the International Accounting Bulletin (IAB) Awards 2015.

Praxity is an award-winning alliance of global independent accountancy, tax and business consulting firms, and the world’s largest alliance of independent accounting firms by the World Survey of International Accounting Bulletin. Praxity has 64 participating firms in 103 countries with 630 locations and 42,000 professionals.

Praxity consistently ranked as the Top 10 largest accounting association in the world and the biggest alliance of independent accountancy and consulting firms. A not-for-profit association, Praxity facilitates the sharing of expertise among its participant firms around the world.

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Accounting and Audit Firm in Malaysia

WHat We Offer

What sets us apart is a deep knowledge of a variety of industrial sectors, and the expertise and ability to develop tailored solutions for our clients operating within these industrial sectors. Find out more about the services we offer.

AUDIT & ASSURANCE

BPO & Business Advisory

China Desk

Digital Advisory

Family Office & Private Client Services

Financial & Transaction Advisory

Japan Desk

Market Entry Advisory

Migration Advisory

Labuan Offshore Advisory

Risk & Governance Advisory

Singapore Desk

Tax Advisory

Transfer Pricing Advisory

US Desk

Valuation Advisory

WHAT’S ON

Phase One Of Movement Control Under National Recovery Plan (NRP) Updates to the Inland Revenue Board’s Announcement (Updated 26 June 2021)

June 26, 2021

Introduction to Withholding Tax and Imported Services Tax – Implications of Digital Services (PART 3)

WHAT’S LATEST NEWS

SW International 2024 Partners Conference in Guangzhou, China

October 16, 2024

SW TY TEOH co-organised with Malaysia Singapore Super Car Club (MSSCC) to host a Charity Ride to raise funds in celebration of Foon Yew High Schools 111th Anniversary

September 28, 2024

SW International Partners Conference 2023 in Jakarta, Indonesia

The latest world rankings of international accounting networks published by International Accounting Bulletin (IAB) in March 2020

April 6, 2020

Invitation to judge the Malaysia International Business Awards 2019

BE PART OF OUR TEAMS

We extremely value our staff and believe that they are an essential investment as we believe that people build culture. Be part of us and develop your careers here.