The Inland Revenue Board (IRB) Labuan Branch has released the Filing Programme for the Year of Assessment (YA) 2025, officially marking the start of the Self-Assessment System (SAS) for all Labuan entities.
This transition represents a major milestone in Labuan’s tax compliance framework, shifting from the previous manual filing process to a more structured and data-driven self-assessment model. It is designed to improve accuracy, accountability, and efficiency — but also brings new responsibilities for company directors and service providers alike.
Under the Self-Assessment System, Labuan entities must now:
File through the Company Director’s MyTax account – All filings of Return of Profits (Form LE1) are to be submitted directly via the MyTax portal.
Attach audited financial statements and tax computations – The submission must include detailed financial information and supporting schedules.
Undergo system validation – The MyTax platform automatically reviews inputs for consistency and completeness before allowing submission.
Comply with new filing timelines – Entities must adhere strictly to deadlines prescribed under the Filing Programme for YA 2025, as late or inaccurate filings may trigger penalties or additional scrutiny.
This means that the filing process is no longer just a simple declaration — it now involves full coordination between the company’s accountants, auditors, and tax agents.
For many directors, particularly those based overseas or managing multiple Labuan companies, this transition can pose practical challenges. Common issues include:
Limited access to or familiarity with the MyTax system
Difficulty coordinating audit and accounting documents within the new submission timeline
Increased administrative workload in meeting validation and compliance requirements
Given these changes, many Labuan entities are now seeking professional assistance to ensure their filings remain accurate, timely, and fully compliant.
At Law & Commerce Trust Limited, we provide a comprehensive end-to-end SAS Filing Service designed to simplify the entire process for our clients.
Our service covers every stage — from preparing and reviewing management accounts, coordinating with external auditors, and performing tax computations, to completing the MyTax submission (with proper director authorisation) and managing ongoing compliance reminders.
We ensure that your filings are not only submitted correctly, but also backed by the necessary financial and documentary support in accordance with IRB Labuan’s latest requirements.
Our approach is built on three principles:
✅ Accuracy – Every figure and document reviewed with precision.
✅ Compliance – Every filing aligned with current regulatory expectations.
✅ Timeliness – Every deadline tracked and met without delay.
If your Labuan company requires assistance with the new SAS filing process, our team is ready to help. Whether you need one-off submission support or a full-service arrangement covering accounts, audit, and tax compliance — we can manage the process from start to finish.
📩 Contact us today at secretarial@lawandcommercetrust.com to incorporate with us as your Company Secretary or to learn more about our compliance solutions.
Law & Commerce Trust Limited
Your trusted partner in Labuan corporate, tax, and compliance solutions.
