KTP & Company PLT

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  • [TAX UPDATE] Tax Audit & Appeal in Malaysia

    Tax audit sounds scary?Actually, it’s just LHDN doing their job. The key is: know the process, act fast, keep records. Here are the key stages from our experiences : Stage 1: NotificationTax Audit Notification Letter issued. Must respond within 14 days. Stage 2: PreparationDeal directly with LHDN or appoint a tax agent like KTP. Be…

  • A Small Initiative, A Big Difference

    Today I want to give a special shout-out to our manager, Ms. Chong Chee Ling Why? Because she recently took the initiative to write a technical update on Withholding Tax (WHT) payment via the MyTax portal. The best part?Nobody asked her to do it.No deadline.No instruction from me. It all started when one of our…

  • Not Paying Your Auditor/Tax Agent? Here’s How I Handle It Professionally

    Picture this :You deliver the audit, submit the tax return… and the client disappears when the invoice arrives.Familiar?Every accounting firm has faced this. You can survive a bad market.You cannot survive unpaid invoices. As the principal of an audit and tax firm,I’ve learned this lesson the hard way.Cash flow is oxygen.Without it, even the best…

  • [TAX UPDATE] Hungry Ghost Praying Expenses … What’s Deductible?

    In Malaysia, many businesses observe the Hungry Ghost Festival with prayer ceremonies. The cultural value is clear, but how do these expenses stand under tax law? Deductible (Section 33, ITA 1967): Not Deductible (Section 39, ITA 1967): The Inland Revenue Board (IRB) also refers to Public Ruling No. 4/2015 (Entertainment Expenses), which allows reasonable food…

I’m Koh Teck Peng

Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.

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