Choosing your business structure is more than a legal decision, it has major, long-term consequences for your tax bill. From the relative simplicity of a sole proprietorship to the formalities of a Sendirian Berhad (Sdn Bhd), how does each structure affect what you owe and how you report it?

As part of a 3-part series on this very question, tax consultant Renganathan Kannan, Executive Director at TRATAX, joins us to provide awareness and clarity to the tax implications of each business setup. He breaks down the crucial differences, from personal vs. corporate tax rates to the requirements for filing advanced taxes, and highlights the common mistakes that can lead to costly penalties.

We discuss:

• The key tax differences between a sole prop, partnership, and Sdn Bhd.

• Why individuals with business income must file a Form B.

• Understanding advanced tax payments (CP204 & CP500).

• Common misconceptions about allowable business expenses.

• The most frequent and costly tax filing mistakes new founders make.

  For new and aspiring entrepreneurs in Malaysia, this is essential awareness to navigating the tax landscape and making the right structural decisions for your business.