In Malaysia, the first financial statements of the company are required to be prepared by the directors within 18 months from the date of its incorporation. Subsequently, they must be prepared within 6 months of the company’s financial year end. The company has the freedom to decide its own financial year end, as there is no provision in the CA 2016 in relation to the fixing of financial year end of a company.

The Inland Revenue Board of Malaysia has issued a Guidelines on the Stamping of Share Transfer Instruments for Shares that are not quoted on the Kuala Lumpur Stock Exchange on 23 June 2020 to replace/cancel the guidelines issued on 6 November 2019.