Labuan Company Auditing Process

Auditor Appointment Procedure of Labuan Trading Company

All Labuan Company with trading activities would require to have their accounts to be audited whether the sales activities are from Malaysia or international. The audited account shall be used for tax filing to the Labuan Inland Revenue Board. Labuan Company’s corporate tax is 3% for international sales. For sale transactions to Malaysia, the corporate tax will be 24% on net profit payable to the local Inland Revenue Board (IRB) under the Income Tax Act 1967. If your Labuan Company deals with both markets, the auditor will have the audit report set up to reflect “Labuan Business” and “Non-Labuan Business” activities.

For Malaysia business dealings, you need to report to Labuan FSA of your activities. Labuan Company Auditing Process is a step by step guide to assist you in getting the process time for your tax filing. The IRB dateline to submit your corporate tax is 31st May, of which you should send your accounts for audit latest in the month of March, this would allow sufficient time for the auditor to complete their auditing of your accounting books to meet the 31st May dateline.

Here is the latest List of Labuan Approved Auditors by Labuan FSA for your selection. Once your account is audited, the auditor will refer to IRB’s website for the latest published exchange rate for your tax payment in Ringgit Malaysia.

Feel free to email us at Tricor.klmo@my.tricorglobal.com to assist you to appoint your Auditor.

The process of preparation of Audit Reporting by Labuan Trading Company

Send us your inquiry today to find out if Labuan entity is suitable to meet your business objective or call us at +603 27839191 (Labuan Division) for an appointment in Kuala Lumpur office

    Name

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    Nationality

    Product/Services You Intend to Sell

    Target Market
    Malaysia OnlyWorldwide

    Capital Amount

    Company Structure (present or intended)
    100% Foreign-OwnedJoint-Venture with Malaysian

    Do You Intend to Set Up Physical Office/Shop in Malaysia?
    YesNo

    Do You or Your company Require Expatriate Visas?
    YesNo

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    My contact number in Malaysia:

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