TaxSavvyMY

Extension of time to lodge accounts

Our accounts will be late. Can we get more time from SSM?

The situation

A company may apply for an extension of time to lodge financial statements under s259. SSM charges RM100 for the application.

The law

  • Sec 259, Companies Act 2016: Financial statements and reports lodged with SSM within 30 days of circulation

What it means for you

Apply early with a reason, such as audit delays. An extension is not automatic. Late lodgement without one can lead to compounds on the company and directors.

What to do

  1. Estimate when the accounts will be ready.
  2. Apply for extension on MBRS.
  3. Pay RM100.
  4. Lodge by the new date.

We can do this for youAnnual return, financial statements lodgement and audit exemption check: MYR 1,500

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