Limited liability partnership (Perkongsian Liabiliti Terhad, PLT) LLPMalaysia
What it takes to form, own and run a limited liability partnership in Malaysia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A partner is not personally liable, directly or indirectly, by way of indemnification, contribution, assessment or otherwise, for an obligation referred to in subsection (1) solely by reason of being a partner
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any two or more persons, consisting of, wholly or partly, individuals or bodies corporate, associated for carrying on any lawful business with a view to profit may form a
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(2) The limited liability partnership agreement shall be in the national language or English language, and shall consist of the following particulars:
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Application for registration under subsection 10(1) of ... RM500
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the LLP.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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any two or more persons, consisting of, wholly or partly, individuals or bodies corporate, associated for carrying on any lawful business with a view to profit may form a
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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A limited liability partnership shall at all time have a registered office in Malaysia to which all communications and notices may be addressed.
Each year, at the registry
- Annual registry fee
- MYR 200 (about €44)
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Submission of annual declaration under subsection ... RM200
- Accounts on the public record
- No
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Every limited liability partnership shall lodge with the Registrar a declaration, containing the particulars as determined by the Registrar
- Audit for a small company
- Not required
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Subject to the limited liability partnership agreement, the accounts of a limited liability partnership shall not be required to be audited.
- Audit
- Subject to the LLP agreement, the accounts of an LLP are not required to be audited (LLP Act 2012 s.69(5)).
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Subject to the limited liability partnership agreement, the accounts of a limited liability partnership shall not be required to be audited.
Important dates
When each obligation falls due, as the authority states it.
- Annual declaration of solvency lodged with the Registrar by two partners
- 90 days after the end of the accounting period
With Companies Commission of Malaysia (SSM)
LLP Act 2012 s.68(2): within ninety days from the end of the financial year. The LLP files this declaration, not an annual return in the Companies Act sense.
- First annual declaration of solvency
- 18 months after incorporation
With Companies Commission of Malaysia (SSM)
LLP Act 2012 s.68(3): not later than eighteen months from the date of registration.
What is public
- Directors
- Public
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Any person may, on payment of the prescribed fee— (a) inspect any document lodged with the Registrar under this Act;
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies+1 regime
Income of an LLP is taxed at the LLP level at the rate in Part 1 of Schedule 1 of the Income Tax Act; a resident LLP with total capital contribution of RM2.5 million or less and gross business income not above RM50 million is taxed at the para 2D rate (LHDN Public Ruling 8/2022). The rate figures themselves are not in the ruling's text read.
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Income from a LLP will be taxed at the LLP level.
Special regimes that may apply
- Labuan business activity tax — Labuan trading activity free zone · 3%
Labuan entities carrying on a Labuan business activity which is a Labuan trading activity Labuan Business Activity Tax Act 1990 (Act 445), section 4, as amended by Act A1614 and Act 833
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Malaysia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary winding-up: once the LLP has ceased to operate and discharged its debts, a partner may apply to the Registrar for a declaration of dissolution after publishing notice in two national newspapers and writing to each partner, with a statutory declaration and an Inland Revenue Board no-objection notice (s.50); the Registrar may also strike an LLP off the register (s.51).
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(2) Where a limited liability partnership has ceased to operate and has discharged all its debts and liabilities, a partner of the limited liability partnership may,
- Statutory fee
- Not in our records
Every business in Malaysia
Sales and consumption tax
- The tax
- SST (Sales and Service Tax)
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Standard rate
- 8%
Service tax is 8% from 1 March 2024, and 6% for food and beverage, parking, logistics and telecommunications. Sales tax on taxable goods is 10% unless the goods are listed for 5% or exemption; a foreign provider of digital services charges 6%.
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Other rates
- 6% Service tax on food and beverage, parking, logistics and telecommunications services, and on digital services supplied by a foreign registered person
- 5% Sales tax on goods listed in the Sales Tax (Rate of Tax) Order 2025
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Registration threshold
- MYR 500,000 · about €109,068
sales value of taxable goods for sales tax; service tax thresholds are set per service group, and a foreign digital service provider registers above RM500,000; 12 months
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Taxable goods manufacturers are required / liable to be registered when; SALES VALUE OF TAXABLE GOODS has exceeded RM500,000 for 12 months period
- Voluntary registration
- Yes
A manufacturer of taxable goods below the RM500,000 threshold may register voluntarily under section 14 of the Sales Tax Act 2018.
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Voluntary registration is permitted under Section 14 of the Sales Tax Act 2018, provided that you are engaged in the manufacturing of taxable goods and the total value has not reached the threshold amount of RM500,000.00.
- A foreign company
- The same threshold applies
A person outside Malaysia supplying digital services to consumers registers with the Royal Malaysian Customs Department once the value of those services passes RM500,000, and files for a three-month taxable period. Nothing read states whether a representative must be appointed, and the position for a foreign supplier of services other than digital services is not stated on these pages.
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A Foreign Service provider is liable to be registered if his total value of digital services provided to consumer has exceeded the prescribed threshold of Ringgit Malaysia five hundred thousand.
- Returns filed
- Depends on the business
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Returns must be filed once every two months (according to the taxable period).
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
3 services name Malaysia on their own list: Paysera, Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited liability partnership (Perkongsian Liabiliti Terhad, PLT) (LLP)
- ISO 20275 code
- SP51Secondary GLEIF, Entity Legal Forms code list