A founder member of AicA group

T. H. KUAN & CO. (AF: 1216) | Your partner in success

Withdrawal and Repatriation of Business Profits

Profits earned by a SB can be repatriated or withdrew with the simplest manner of dividend declaration. Malaysian practices single tier dividend declaration for tax purposes which means upon payment of the necessary corporate taxes, the balance of profit can be distributed with no further taxes levied.

In regard to the sole proprietorship and partnership, profits are available for withdrawal after settlement of the necessary personal income tax levied.