Suruhanjaya Syarikat Malaysia (SSM) recently introduced an online submission platform called the Malaysian Business Reporting System (MBRS), based on the renowned standard: eXtensible Business Reporting Language, or simply, XBRL.

The following annual reports can be filed on the MBRS digital submission platform:

  • Financial Statements and Reports (FS)
  • Annual Returns (AR)
  • Exemption Applications (EA), which are related AR and to FS applications

Under the new regulation, all Malaysian incorporated companies and foreign companies registered under Companies Act 2016, will be required to digitally file a full set of financial statements under the MBRS, in XBRL, unless otherwise exempted.

The three (3) main components within MBRS are:

  1. MBRS Taxonomy
  2. MBR Preparation Tool (mTool)
  3. MBRS Portal (mPortal)

In XBRL terminology, a taxonomy is defined as a dictionary of reporting labels that are formulated based on prevailing accounting and regulatory framework. Accordingly, the MBRS Taxonomy for Financial Statements and Annual Returns has been established based on the disclosure requirements for Financial Statements from Malaysian Financial Reporting Standards (MFRS), Malaysian Private Entity Reporting Standards (MPERS) and Companies Act 2016.

The MBRS Preparation Tool is used to prepare all Financial Statements and Annual Returns, and the MBRS Portal is used for digitally submitting those reports to SSM.

Please email us at if you have any questions on your MBRS filing requirements.