The owner of the sole proprietor must do the following on a yearly basis:

1) Ensure the business and premises licensed are renew on time and not expired.

2) Proper documentation of all commercial transactions, such as sales invoices, purchase invoices, expense invoices, and payroll expense.

3) Prepare the sole proprietor's accounting records for every calendar year.

4) Prepare and distribute the Form EA to every employee to notify them of their annual remuneration.

5) Prepare and submit the particular of employees included the number of employees and annual remuneration to Inland Revenue Board via Form E.

6) Prepare, declare and submit income tax return to the Inland Revenue Board via Form B.

* Submission Deadline *
   Inland Revenue Board (LHDN)
   Form EA - Before the last day of February.
   Form E - Before the last day of 31/03. [N1]
   Form B - Before the last day of 30/06. [N2]

   [N1] : Additional 1 month grace period for submission through e-filing.
   [N2] : Additional 15 days grace period for submission through e-filing.

The precedent partner of the partnership must ensure compliance and do the following on a yearly basis:

1) Ensure the business and premises licensed are renew on time and not expired.

2) Proper documentation of all commercial transactions, such as sales invoices, purchase invoices, expense invoices, and payroll expense.

3) Prepare the partnership's accounting records for every calendar year.

4) Prepare and distribute the Form EA to every employee to notify them of their annual remuneration.

5) Prepare and submit the particular of employees included the number of employees and annual remuneration to Inland Revenue Board via Form E.

6) Prepare and submit the partnership's income tax return via Form P.

7) Precedent partner shall prepare and distribute Form CP30 to each partners based on the agreed profit or loss sharing ratio.

8) Every partner must declare and submit the income tax return based on the agreed profit sharing ratio to the Inland Revenue Board via Form B.

* Submission Deadline *
   Inland Revenue Board (LHDN)
   Form EA - Before the last day of February.
   Form E - Before the last day of 31/03. [N1]
   Form P - Before the last day of 30/06. [N2]
   Form B - Before the last day of 30/06. [N2]

   [N1] : Additional 1 month grace period for submission through e-filing.
   [N2] : Additional 15 days grace period for submission through e-filing.

The compliance officer / partner of the partnership must ensure compliance and do the following on a yearly basis:

1) Proper documentation of all commercial transactions, such as sales invoices, purchase invoices, expense invoices, and payroll expense.

2) Prepare the annual limited liability partnership's accounting records in accordance with the applicable financial reporting standards.

3) Lodgment of Annual Declaration to Company Commission of Malaysia.

4) Prepare and distribute the Form EA to every employee to notify them of their annual remuneration.

5) Prepare and submit the particular of employees included the number of employees and annual remuneration to Inland Revenue Board via Form E.

6) Every partner must declare and submit their individual income tax return to the Inland Revenue Board via Form BE.

7) Prepare and submit the limited liabilities partnership's income tax return via Form PT.

* Submission Deadline *
   Company Commission of Malaysia (SSM)
   Annual Declaration (First) - Not later than 18 months from the date of registration.
   Annual Declaration (Subsequent) - Within 90 days from the end of the financial year.

   Inland Revenue Board (LHDN)
   Form EA - Before the last day of February.
   Form E - Before the last day of 31/03. [N1]
   Form BE - Before the last day of 30/04. [N2]
   Form PT - 7 months after the financial year. [N1]

   [N1] : Additional 1 month grace period for submission through e-filing.
   [N2] : Additional 15 days grace period for submission through e-filing.

All the directors of the company are responsible for ensuring compliance and doing the following on a yearly basis:

1) Proper documentation of all commercial transactions, such as sales invoices, purchase invoices, D.O., expense invoices, and payroll expense.

2) Prepare the annual limited liability company's accounting records in accordance with the applicable financial reporting standards.

3) Lodgment of company Annual Return to Company Commission of Malaysia.

4) Arrangement of the external auditor for audit of the company's financial statements after the end of the financial year.

5) Prepare and distribute the Form EA to every employee to notify them of their annual remuneration.

6) Prepare and submit the particular of employees included the number of employees and annual remuneration to Inland Revenue Board via Form E.

7) Every director must prepare, declare and submit their individual income tax return to the Inland Revenue Board via Form BE.

8) Tax agent prepare company's tax computation and to submit the income tax return for the year of assessment to Inland Revenue Board via Form C.

9) Submit or revise the estimated income tax payable for the following year of assessment to the Inland Revenue Board via Form CP204/204A.

* Submission Deadline *
   Company Commission of Malaysia (SSM)
   Annual Return - Within 30 days of anniversary date (company formation date).
   Audited Financial Statements - 7 months after the financial year.

   Inland Revenue Board (LHDN)
   Form EA - Before the last day of February.
   Form E - Before the last day of 31/03. [N1]
   Form BE - Before the last day of 30/04. [N2]
   Form C - 7 months after the financial year. [N1]
   Form CP204 - Within 3 months from the date of business commencement.

   [N1] : Additional 1 month grace period for submission through e-filing.
   [N2] : Additional 15 days grace period for submission through e-filing.