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Goodbye October and Hello MBRS!

31/10/2018

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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
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