Corporate Company Annual Services
All registered companies in Malaysia are all required to prepare statutory financial statements.
The financial reporting framework applies to all local companies registered here in Malaysia and this financial reporting framework serves as a guideline to ensure each criterion that is needed is being fulfilled.
Submission of Tax Estimates
In Malaysia, registered companies, no matter which business entity, are required to determine and submit an estimate of their tax payable for a year of assessment a month before the start of the basis period.
Newly incorporated companies in Malaysia are required to submit its estimate tax payable within 3 months from the date of commencement of operations.
Small and Medium Enterprises (SMEs) are exempted since 2014 from submitting its estimate tax payable but it is advised to submit Form CP204 to update the tax authority of their status to avoid penalty.
Preparation of Audited Financial Statements
Every company will need to share a copy of the audited financial statements to its shareholders no later than 18 months from the date of incorporation. Subsequently, these statements are to be distributed every calendar year not more than 6 months from its financial year end.
These documents are required to be independently certified by government-approved auditors and lodged to SSM within 30 days after it was released to the shareholders.