LLP Annual Declaration in Malaysia: Requirements & Filing Guide

An LLP annual declaration in Malaysia is a yearly SSM filing that reports a Limited Liability Partnership (LLP) financial indicators, registered information and solvency position. It should not be treated as just another online form. The figures entered into MyLLP should be supported by proper accounting records, while the solvency declaration must reflect the LLP’s actual financial condition.

For many Malaysian LLP owners, the confusion starts with the name. An LLP annual declaration is not the same as a company annual return, and it is also not the same as the LLP’s Form PT income tax return.

The annual declaration is filed with the Companies Commission of Malaysia, or SSM, through MyLLP. Form PT is filed separately with the Inland Revenue Board of Malaysia, or LHDN.

This guide explains who must file, when the filing is due, what information to prepare and how the submission process works.

What Is an LLP Annual Declaration in Malaysia?

An LLP annual declaration is a yearly filing lodged with SSM.

As part of the declaration, any two partners state their opinion on whether the LLP can pay its debts as they become due in the normal course of business. The compliance officer then lodges the filing online through MyLLP.

In practical terms, the annual declaration provides SSM with a yearly snapshot of the LLP’s financial indicators, solvency status and relevant registered particulars.

Area	What the declaration covers
Financial indicators	Total assets, liabilities, revenue and profit or loss
Solvency	Whether the LLP appears able to pay its debts as they become due
LLP particulars	Registered and business addresses, partners, compliance officer and nature of business
Capital contributions	Contributions recorded for the LLP’s partners
Charges	Relevant charges created during the financial year
Supporting records	Accounts and records used to support the figures entered

A simple way to understand it is that the annual declaration is the SSM-facing summary of the LLP’s yearly financial and compliance position.

Who Needs to File an LLP Annual Declaration?

Every registered LLP in Malaysia generally needs to lodge an annual declaration while it remains on SSM’s register.

This includes:

Active LLPs: LLPs that are trading, invoicing customers or carrying on business.

Dormant LLPs: LLPs with little or no activity, unless they have been formally dissolved or otherwise removed from the register.

Loss-Making LLPs: LLPs that recorded a loss during the financial year.

Small LLPs: LLPs with only a few partners or limited transactions.

Having no income or business activity does not automatically remove the annual declaration requirement.

When Is the LLP Annual Declaration Due?

The standard deadline is within 90 days after the end of the LLP’s financial year.

For the first annual declaration, two timing rules must be considered together:

• It should be lodged within 90 days after the first financial year-end.
• It must, in all cases, be lodged no later than 18 months from the LLP’s registration date.

Scenario	Example
Normal filing	Financial year-end: 31 December 2026. Deadline: 31 March 2027, unless an extension is approved
First filing	LLP registered: 1 July 2026. First FYE: 31 December 2026. Deadline: 31 March 2027
Long first period	The first FYE should be chosen carefully so that the filing remains within both the 90-day rule and the 18-month maximum

Check the deadline shown in MyLLP and do not rely only on a manually calculated reminder.

The safest approach is to record the filing deadline as soon as the LLP’s financial year-end is fixed.

Who Can Submit the LLP Annual Declaration?

The compliance officer normally lodges the annual declaration through MyLLP using the authorised account.

However, the compliance officer’s role as the online filer should not be confused with the statutory declaration itself.

The solvency declaration is based on the opinion of any two partners after they have considered the LLP’s affairs and financial position.

Before filing, check that:

Compliance Officer Details Are Correct: The person lodging the filing must be properly recorded in SSM’s system.

Partner Details Are Current: The partners involved in the declaration and the particulars displayed in MyLLP should be accurate.

MyLLP Access Is Working: Test the authorised account before the filing deadline.

Business Details Are Accurate: Review the registered address, business address and nature of business.

Incorrect registered information should be updated through the relevant MyLLP change process before the annual declaration is submitted.

What Documents and Information Should Be Prepared?

Prepare the records needed to support the figures and declarations entered into MyLLP.

Balance Sheet

The balance sheet supports the LLP’s total assets, liabilities and overall financial position.

Profit and Loss Account

The profit and loss account supports the LLP’s total revenue, expenses and net profit or loss.

Capital Contribution Records

Check that each partner’s capital contribution agrees with the information displayed in SSM’s records.

If the contribution details are incorrect, update them through the relevant change-of-particulars process.

Partner and Compliance Officer Information

Confirm that the LLP’s internal records match the information shown in MyLLP.

Beneficial Ownership Information

Check that the LLP has identified, verified and recorded its beneficial owners and that the information lodged through e-BOS LLP is current.

Beneficial ownership changes should generally be lodged within 14 days after the change is entered in the LLP’s beneficial ownership register. They should not be held until the next annual declaration.

Debt and Solvency Review

Assess whether the LLP can pay its debts as they become due in the normal course of business.

The solvency declaration should be based on the LLP’s actual financial position, not an assumption or rough estimate.

These records support the annual declaration and should be retained by the LLP. They are not necessarily all uploaded as attachments with every filing.

How to File an LLP Annual Declaration

Step 1: Complete the LLP’s Bookkeeping

Update the LLP’s income, expenses, assets, liabilities, partner contributions and other transactions for the financial year.

Avoid filing from incomplete records or estimates.

Step 2: Prepare the Financial Statements

Prepare at least a balance sheet and profit and loss account.

The financial indicators entered into MyLLP should agree with these records.

Step 3: Confirm the Financial Year-End

Check that the financial year-end is correct before starting the filing.

Using the wrong financial year-end may affect the filing deadline and create problems in future submissions.

Step 4: Review the LLP’s Registered Details

Check the following information:

• LLP name
• Registration number
• Registered address
• Business address
• Partner details
• Compliance officer details
• Nature of business

Step 5: Update Incorrect Particulars First

If any registered information is incorrect or outdated, update it through the relevant MyLLP change process before submitting the annual declaration.

Do not assume that every registered detail can be corrected inside the annual declaration form.

Step 6: Check Beneficial Ownership Information

Confirm that the LLP’s beneficial ownership register and e-BOS LLP records are complete and current.

Do not wait for the annual declaration deadline to report a beneficial ownership change. A change must generally be lodged with SSM within 14 days after it is recorded in the LLP’s register.

When starting the annual declaration, review the beneficial ownership and senior management information displayed by the system. Update it through e-BOS LLP first if it is incomplete or incorrect.

Step 7: Sign In to MyLLP

Access the official MyLLP system through SSM and sign in using the authorised compliance officer account.

Step 8: Select the Annual Declaration Function

Choose the annual declaration option under the relevant post-registration filing section.

Step 9: Select the Correct LLP

A compliance officer may handle more than one LLP.

Confirm that the correct LLP has been selected before entering any information.

Step 10: Enter the Financial Year-End

Enter the correct financial year-end that matches the LLP’s accounts.

Step 11: Enter the Financial Indicators

Enter the required financial information, including:

• Total assets
• Total liabilities
• Total revenue
• Net profit or loss

The figures should agree with the LLP’s prepared financial records.

Step 12: Review Capital Contributions and Charges

Check that the capital contributions displayed in MyLLP are correct.

If they are not, update them through the relevant change-of-particulars filing rather than trying to correct them only inside the annual declaration.

Then disclose whether the LLP created any relevant charges during the financial year and enter the required information when prompted.

Step 13: Complete the Solvency Declaration

Confirm whether the LLP appears able or unable to pay its debts as they become due in the normal course of business.

This conclusion should be based on the LLP’s real financial position and the opinion of the relevant partners.

Step 14: Review, Submit and Pay

Review the entire declaration carefully before submission.

Once satisfied:

1. Submit the declaration.
2. Pay the prescribed filing fee.
3. Save the payment receipt and transaction reference.

Step 15: Save the Filing Records

Keep copies of:

• The submitted figures
• Payment receipt
• Invoice
• Transaction reference
• Supporting financial records
• Internal approval or partner confirmation

These documents may be useful during future compliance reviews, accounting checks or investigations.

How Much Is the LLP Annual Declaration Filing Fee?

The prescribed SSM filing fee for an LLP annual declaration is RM200.

This should be separated from other possible costs, including:

Bookkeeping Fees: If the LLP’s financial records are not ready.

Professional or Compliance Fees: If an accountant or compliance service provider assists with the filing.

Late Filing Compounds or Penalties: If the declaration is submitted after the deadline.

Extension Application Fee: If the LLP applies for additional time.

An extension application is subject to a prescribed fee of RM50 for 30 days, or each subsequent 30 days or part thereof, up to the permitted maximum extension period.

What Happens If an LLP Files Late?

Failure to lodge the annual declaration within the required or extended period is an offence by the LLP.

On conviction, the LLP may be fined up to RM20,000. A further fine of up to RM500 may apply for each day the offence continues after conviction.

Separate and more serious penalties may apply where a person:

• Makes a solvency declaration without reasonable grounds.
• Provides information that is materially false or misleading.
• Acts fraudulently in connection with the LLP’s records or declaration.

Because the filing depends on completed accounts and a genuine solvency assessment, it should not be treated as a last-minute administrative task.

Can an LLP Apply for an Extension of Time?

Yes. An LLP may apply to the Registrar for an extension of time, but approval is discretionary.

As a practical guide:

Timing: Apply after the financial year-end and at least 30 days before the annual declaration due date.

Fee: The prescribed fee is RM50 for 30 days, or each subsequent 30 days or part thereof, subject to the permitted maximum extension.

Supporting Reason: Keep supporting evidence ready. Reasons may include:

• Death of a partner or compliance officer
• Fire or flood
• Theft or loss of records
• Official investigations involving seized documents
• Court proceedings
• Other genuine difficulties accepted by the Registrar

Approval: The Registrar may approve or reject the request. The application fee may not be refundable if the application is refused.

An extension should be treated as a backup measure, not the LLP’s normal filing strategy.

Read More: Director Fees vs Salary in Malaysia: Tax and Compliance Guide

Common LLP Annual Declaration Mistakes

Many filing problems are preventable.

Mistake	Why it matters
Confusing the annual declaration with Form PT	SSM and LHDN filings are separate legal obligations
Filing without completed accounts	Financial figures should be supported by proper records
Using the wrong financial year-end	This may affect deadlines and future filings
Ignoring a dormant LLP	Dormant status does not automatically remove the filing obligation
Treating the compliance officer as the sole declarant	The statutory solvency opinion involves any two partners
Making an unsupported solvency declaration	Incorrect or baseless declarations can lead to serious penalties
Not updating registered particulars first	Some details must be corrected through a separate MyLLP process
Forgetting beneficial ownership updates	BO changes generally have their own 14-day reporting timeline
Not saving receipts and filing figures	Records may be needed for future checks or proof of filing
Waiting until the final week	Accounting or access issues may delay submission

How Is the LLP Annual Declaration Different from Form PT?

This is one of the most common areas of confusion for LLP owners in Malaysia.

Filing	Submitted to	Purpose
LLP Annual Declaration	SSM through MyLLP	Reports annual financial indicators, solvency and related LLP information
Form PT	LHDN through the applicable tax system	Reports the LLP’s income and tax position
Change of Particulars	SSM	Updates addresses, partners, compliance officer, capital contributions and other registered information
Beneficial Ownership Reporting	SSM through e-BOS LLP	Records and updates the natural persons who ultimately own or control the LLP

Completing one filing does not automatically satisfy the others.

For relevant assessment years, an LLP taxpayer may also have a separate obligation to submit specified tax documents through MITRS after filing its tax return.

What Should You Check Before Filing?

Use this final checklist before submitting the annual declaration.

1. Accounts Ready: The balance sheet and profit and loss account are complete.
2. Financial Year-End Confirmed: The FYE matches the LLP’s accounting records.
3. Deadline Checked: The MyLLP due date has been confirmed.
4. Partners Reviewed: Partner details and capital contributions are accurate.
5. Compliance Officer Confirmed: The authorised filer has working MyLLP access.
6. Registered Information Checked: Addresses and business information are current.
7. Solvency Assessed: The relevant partners have properly considered whether the LLP can pay its debts.
8. Beneficial Ownership Updated: The BO register and e-BOS LLP records are current.
9. Charges Reviewed: Relevant charges for the financial year have been identified.
10. Payment Ready: The prescribed filing fee and payment method are prepared.
11. Records Saved: Copies of the figures, receipts and supporting documents will be retained.

Managing Your LLP Annual Declaration

The LLP annual declaration in Malaysia is manageable when the LLP’s accounts and compliance records are organised.

Problems usually arise when bookkeeping, beneficial ownership records, partner details or MyLLP access are left until the final days before the deadline.

Treat the annual declaration as a yearly compliance health check rather than a form to rush through. Proper preparation helps the compliance officer file accurately and allows the partners to make the solvency declaration on reasonable grounds.

Accounting.my can connect Malaysian LLPs with accounting and compliance support for bookkeeping, financial statement preparation, annual filings and tax administration.

Sources

• Companies Commission of Malaysia, Annual Declaration
• SSM, MyLLP User Manual for Annual Declaration
• SSM, Practice Note No. 1/2016
• Limited Liability Partnerships Act 2012
• Limited Liability Partnerships Regulations 2012
• Limited Liability Partnerships (Amendment) Act 2024
• SSM, Practice Note No. 5/2025
• SSM, e-BOS LLP User Manual
• LHDN, MITRS Filing Programme