Notification 040/25 dated 23 December 2025

Notification 040/25 dated 23 December 2025 – Submission of Annual Financial Statements 2025 to ACAR
 
On 23 December 2025, the Accounting and Auditing Regulator (“ACAR”) issued a notification to remind all enterprises regarding the obligation to submit annual financial statements for the year 2025 to ACAR in line with the Law on Accounting and Auditing 2016 and related regulations. The notification contained the following key points: 

1.    For those enterprises and non-profit organisations that are not subject to have financial statements audited shall submit their annual financial reports by 20th April 2026. For the entities that have the approval to have their account closing period different from 31st December, shall submit their annual financial reports no later than 3 months and 20 days from the date of account closing.

2.    For those enterprises and non-profit organisation that are subject to have financial statements audited shall submit audit report by 20th July 2026. For the entities that have the approval to have their accounting closing period different from 31st December, shall submit their audit report no later than 6 months and 20 days from the date of account closing. 

The notification further provides the following instructions:

• All entities shall properly prepare accounting records.
• Shall prepare financial reports no later than 3 months from the date of account closing by following the prescribed accounting standards.
• In order to promote compliance and provide convenience for submission of the financial statements in E-filing system, those entities who are not subject to audit shall prepare the financial statements using the reduced disclosure framework, the digital financial platform, and the prescribed chart of account.
• Shall finish the audit and issue the audit report no later than 6 months from the date of accounting closing for those who fall under the threshold of audit requirement.

For entities that do not have a FIN number with ACAR shall register the FIN number by following the E-filling procedure.
For entities that change status from audit to non-audit, shall request to change FIN number with ACAR before 60 days from the deadline to submit the financial statements.

All entities can use any licensed accounting firm as the representative to assist with the compliance obligation. The accounting firms shall have the authorisation letter from the owners/directors of the entities to perform the work. The owners/directors of the entities must hold responsibility for all the actions of the representative.  
All entities shall pay the government fee for maintaining the financial statements with ACAR based on Prakas 002 dated 15 January 2025.