A Tax Lawyer in Malaysia is a legal professional who specialises in Malaysian tax laws and regulations. These experts advise and represent individuals and businesses on various tax-related matters, ensuring compliance with the country’s tax system and helping clients navigate complex tax issues.
In Malaysia, tax lawyers charge between RM300 and RM1,000 per hour, depending on their experience and the case’s complexity. Some may offer fixed-fee packages for specific services. Their primary duties include advising clients on tax planning strategies, representing them in disputes with the Inland Revenue Board of Malaysia (LHDNM), assisting with tax audits and investigations, preparing and reviewing tax-related documents, and keeping current with Malaysian tax legislation changes. They also help clients understand their tax obligations, minimise tax liabilities legally, and ensure proper compliance with local tax laws.
Tax Lawyers in Malaysia
How Much Does a Tax Lawyer Cost?
Tax lawyers may charge anywhere from RM300 to RM1,000 per hour. Some lawyers might offer fixed fees for specific services, such as preparing tax returns or representing clients in tax disputes. The cost of hiring a tax lawyer in Malaysia can vary significantly depending on factors such as the complexity of the case, the lawyer’s experience, and the time required.
What Is The List Of Top Tax Law Firms In Malaysia?
Shearn Delamore & Co. is notable for its extensive experience handling a wide array of tax matters. Their portfolio includes tax litigation, audits, and transfer pricing disputes. Key figures such as Anand Raj and Irene Yong, who have represented high-profile clients in landmark cases, bolster the firm’s reputation.
Lee Hishammuddin Allen & Gledhill is another prominent firm with a robust tax team. They frequently handle tax appeals and complex corporate tax matters, serving both local and international clients. Their expertise in handling intricate tax issues has solidified their position as a go-to firm for tax-related legal matters.
Wong & Partners, part of the Baker McKenzie network, offers specialized services in niche areas of tax law. Their expertise extends to wealth management, Goods and Services Tax (GST), and tax planning for multinational corporations. This global connection allows them to provide comprehensive solutions for clients with international tax concerns.
Azmi & Associates also stands out in the Malaysian tax law landscape. They provide various tax services for businesses and individuals, including tax audits and planning, demonstrating their ability to handle diverse tax-related challenges.
These firms are considered among Malaysia’s top choices for tax-related legal matters. Their proven expertise, comprehensive services, and track record of handling complex cases have established them as leaders in this specialized area of law.
How Much Does a Tax Lawyer Earn?
A junior tax lawyer earns between RM60,000 to RM100,000 per year. In contrast, more experienced lawyers or partners in large firms can earn upwards of RM200,000 to RM500,000 annually, depending on experience, reputation, and the size of their firm. Some top-tier tax lawyers with extensive knowledge and a strong client base may earn over RM1 million annually.
How To Become a Tax Lawyer In Malaysia?
To become a tax lawyer in Malaysia, one must first obtain a law degree from a recognised university, either locally or abroad. After completing the degree, aspiring lawyers must attend the Certificate in Legal Practice (CLP) course or pass the Bar Professional Training Course (BPTC) if they study in the UK. Following this, they must complete a nine-month pupillage under a qualified lawyer.
To specialise in tax law, it’s beneficial to pursue additional qualifications such as a Master’s degree in Tax Law or obtain certifications from professional bodies like the Chartered Tax Institute of Malaysia.
