When are my first financial statements due?
Directors must prepare the first financial statements within 18 months of incorporation. For a private company, circulation is generally within six months of financial year end, followed by SSM lodgement within 30 days after circulation. These are separate deadlines. Plan audit time where exemption is unavailable or an audit is otherwise required.
Sources: Companies Act 2016 ss.248, 258–259
Also asked as: first year accounts deadline; FS circulation timeline; first financial statements new company.
A first year end at month 18 does not itself satisfy the preparation deadline. We coordinate the accounts, approval, circulation and lodgement timetable with your accountant.
Key facts
- First preparation: within 18 months of incorporation
- Private-company circulation: within six months of FYE
- Lodgement: within 30 days after circulation
Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.