Goodbye October and Hello MBRS!

Good morning everyone! Today is the last day of October and hope that everyone ended the month of October with a great celebration of Halloween!

We have an interesting update from SSM which is the introduction of "MBRS" (Malaysian Business Reporting System). MBRS is a submission platform based on the eXtensible Business Reporting Language (XBRL) format.​

MBRS allows for the submission of:

1. Annual Return (AR);
2. Financial Statements and Report (FS); and
3. Exemption Applications (EA) related to the FS and AR.

SSM has issued a notice to inform the public on the mandatory submission of Annual Return, Certificate for Exempt Private Company and unaudited financial statements through MBRS portal effective on the following months:

Zone	State	Effective date
Middle zone	Kuala Lumpur & Selangor	November 2018
South zone	Negeri Sembilan, Melaka & Johor	December 2018
Eastern zone	Pahang, Kelantan & Terengganu	January 2019
North zone	Perlis, Perak, Kedah & Pulau Pinang	February 2019
East Malaysia	Sabah, Sarawak & Labuan	March 2019

As for the financial statement, we will inform further once we have more details on the effective dates and other updates. 

Have a great week ahead and do remember to bring along your umbrella as it is rainy season now.

Source: http://www.ssm.com.my/Pages/Services/Other-Services/MBRS.aspx