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Malaysia Company Annual Return Filing

Updated:2018-9-14 17:24:56    Source:www.tannet-group.comViews:191

Malaysia company annual return is the most important legal requirement set by Companies Commission of Malaysia. Once your company has been registered in Malaysia, you have to maintain your company carefully. Failure to file the annual return is a serious offense and has corresponding penalty and sanction. Therefore, if you want to have a hassle-free registration and maintenance of your business, you need the help of a trusted accounting services firm such as Tannet. Our professional consultants are glad to assist with your business in Malaysia.

Brief Introduction to Annual Return
An annual return refers to the summary of the profile of the company consisting of its general information to be filed every year to the Suruhanjaya Syarikat Malaysia (SSM). The content consists of the following general information:

1. Registered office address;
2. Business office address;
3. Branch office address;
4. Principal business activities;
5. Total authorized capital registered;
6. Total paid-up capital;
7. Charges registered with SSM;
8. Company directors;
9. Appointed company secretary;
10. Shareholders.

Compliance with Annual Return
The directors of the company are tasked and obliged to ensure all annual returns are lodged pursuant to the Companies Act 1965 sections 143, 165, and 169. Companies are required to submit or lodge their annual returns as well as their latest audited account with Suruhanjaya Syarikat Malaysia (SSM).

There are numerous requirements that could be difficult to comply with and which call for the right accounting services assistance. Make sure your company file the annual return on time or else you may be subject to pay penalties or face legal implications in the future.

There are penalties and charges on private limited companies (Sdn Bhd) and public limited companies (Bhd) for non-compliance. Late or non-compliance with the requirement for the annual return submission is fined with RM2,000 while non-submission of the profit and loss accounts or audited financial statements is penalized with a RM30,000 fine and up to 5 years imprisonment.

Time for Filing Annual Returns
The annual return signed by a director or by the manager or secretary of the company shall be lodged with the Suruhanjaya Syarikat Malaysia (SSM) within one month after holding its AGM or in the case of a company keeping pursuant to its articles a branch register in any place outside Malaysia within two months after the annual general meeting. Shortly, your annual return will be due after 18 months of your company registration in Malaysia.

Late Payment and Filing Penalty in Malaysia
A business could face late payment and late filing penalty for non-compliance and this could have adverse and long-term effects on its overall operations. Active companies and businesses in Malaysia are required to file their annual return and income tax return by the given deadline. In accordance to the Companies Act 1965, companies and businesses that fail to file their annual returns and pay their taxes are subject to fines and penalties. Thus, your company may require the help of the experts in order to comply with the regulatory rules and avoid any corresponding consequences.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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