Starting 1 June 2025, the Companies Commission of Malaysia (SSM) has made it compulsory for all companies to file certain statutory documents electronically through the Malaysian Business Reporting System (MBRS) 2.0.
This is part of the government’s ongoing effort to digitalize corporate reporting and make the process easier, faster, and more transparent. Let’s break down what this means for your business.
What is MBRS 2.0?
MBRS 2.0 is a web-based platform developed by SSM that allows companies to prepare and submit their financial statements and annual returns online. It is designed to ensure compliance with accounting standards and improve accuracy by automating many parts of the reporting process.
What Documents Are Affected?
From 1 June 2025, companies are required to submit the following documents exclusively through MBRS 2.0:
- Audited Financial Statements
- Annual Returns
- Court Orders or Rectifications related to company records
Paper submissions or manual filings will no longer be accepted, so it’s crucial to prepare for this shift.
Why Is This Change Important?
- Saves Time and Cost
- Electronic filing eliminates the need for physical paperwork and manual checks, making the process quicker and more affordable.
- Improves Accuracy
- MBRS 2.0 uses built-in checks and automated calculations to reduce errors and ensure compliance with Malaysian accounting standards.
- Enhances Transparency
- Online submissions allow SSM and stakeholders to access accurate and up-to-date company information more easily.
What Should Your Company Do?
Here’s a simple checklist to help your business prepare:
- Register for MBRS 2.0 (if you haven’t done so already).
- Train your finance and company secretarial teams on how to use the MBRS 2.0 platform.
- Ensure your audited financial statements are in the right format compatible with MBRS 2.0.
- Submit your annual returns and related documents via MBRS 2.0 by the deadlines.
- Stay informed about any further updates or changes from SSM.
Who Does This Affect?
- All companies incorporated under the Companies Act 2016, including private and public limited companies.
- Company secretaries and finance teams responsible for compliance and filing.
To know more, refer here.