Date: 30 November 2017
All Labuan Approved Auditor
Dear Sir/Madam,
Notice on Payment of Annual Fee
We wish to inform you that pursuant to Section 10(5) of the Labuan Companies Act 1990 (LCA), Labuan approved auditors are statutorily required to pay their annual fees. The annual fee is to be paid on or before 15 January of every year.
- In this regard, please ensure that the above fee are duly paid on or before the stipulated deadline. Please also be reminded that the fee payable should be in accordance to the amount specified in the Labuan Companies Act 1990, Regulations 2013, Third Schedule No. 37, amounting to USD1,000 / RM3,000.
- In addition, kindly be informed that payment of fee can be made in the Malaysian Ringgit (MYR) or the US Dollar (USD) through issuance of cheque or telegraphic transfer (TT) directly to the bank account of Labuan Financial Services Authority (Labuan FSA). Payment of fee through TT must subsequently be informed to Labuan FSA by submission of a scan copy of the transmission slip/payment advice via email to the Registrar of Companies (ROC) at roc@labuanfsa.gov.my and carbon copy to Group Finance Unit at finance_management@labuanfsa.gov.my. Please note that failure to provide the evidence of payment made will be considered as a non-payment of fee. The details of the bank accounts of Labuan FSA are enclosed as Appendix I.
- Please be reminded that failure to pay the annual fee on or before the stipulated timeline, the name of the Approved Auditor shall be removed from the list of Labuan Approved Auditors. The respective Approved Auditor shall be duly informed of the removal. Labuan FSA may also exercise its power to impose an administrative penalty against the approved auditor for the commission of the offence.
- Should you require further clarification pertaining to the above, please do not hesitate to contact ROC at 087-591345 or email to roc@labuanfsa.gov.my.
For and on behalf of
Labuan Financial Services Authority
Essah Abdul Manaf
Deputy Director
Legal and Business Management Department