In Taxation, we often called a “small company” as those that its paid up ordinary shares at the beginning of the basis period does not exceed RM2.5m. It has a few preferential tax treatment, especially in terms of its tax rate(s) where a dual-tax rates regime being practiced, at 17% and subsequently at 24%.
There are a few conditions that a company needs to fulfill before it can satisfy itself to be a “small company”. This SHORT give a quick glimpse on most of the conditions.
