What is MBRS 2.0?
MBRS 2.0 is the Companies Commission of Malaysia’s (SSM) upgraded e-filing platform that replaces all counter submissions for:
- Annual Returns (AR)
- Financial Statements & Reports (FS) – audited and unaudited
- Exemption Applications (EA)
Built on XBRL, MBRS 2.0 standardises data and lets SSM analyse filings instantly, improving transparency and enforcement.
Why it matters
- Mandatory digital filing – no manual lodgement after 1 June 2025.
- Covers every company (CA 1965 and CA 2016), including foreign entities and those previously exempted.
- Heavy penalties for late or non-filing: fines up to RM 50,000 plus RM 1,000 per day of default under s. 259 CA 2016.
Implementation Timeline
| Phase | Effective | What becomes compulsory |
|---|---|---|
| 1 | 1 Dec 2024 | AR & unaudited FS for CA 2016 companies (incl. Exempt Private Co.) |
| 2 | 1 Mar 2025 | AR & audited FS for CA 1965 companies + BNM-regulated entities, foreign companies |
| 3 | 1 Jun 2025 | Audited FS for all CA 2016 companies; physical counter filing ends nationwide. |
(Plan your first MBRS cycle early—even dormant companies must comply.)
Key Components & Tools
| Component | Role | What’s new in 2.0 |
|---|---|---|
| mTool 2.1 | Desktop prep tool to tag AR/FS/EA into XBRL | 31 entry points, bilingual interface, IFRS 2022-based taxonomy. |
| mPortal 2.0 | Online gateway to upload XBRL + signed PDF | Dynamic validation, expanded rectification filings. |
| SSMxT 2022 | Taxonomy dictionary | Covers CA 1965 & CA 2016, BNM entities, CLBG, foreign companies. |
Step-by-Step Filing Process
-
Register Your Company & Users
Create mPortal accounts for each authorised preparer/approver. - Download mTool 2.1 & Taxonomy from SSM site.
- Extract Trial Balance and supporting notes from your accounting system.
-
Tag & Validate
- Map figures/text to SSMxT elements in mTool.
- Run built-in validation until “Pass”.
- Generate XBRL Zip + Signed PDF of the same FS.
- Upload via mPortal and pay the filing fee (RM 100 per FS).
- Track Status – respond to any “query” notices within 30 days to avoid rejection.
- Download Acknowledgement – keep with board minutes for seven years.
Common Pitfalls to Avoid
| Issue | How to fix |
|---|---|
| Mismatch between PDF & XBRL | Ensure final figures are locked before export; regenerate both files together. |
| Wrong entry point (e.g., MPERS vs MFRS) | Confirm standard in auditors’ report before tagging. |
| Validation errors on director particulars | Update latest changes via Change of Particulars before filing FS. |
| Late signing | Build at least 7 working-days buffer for board approval and digital signatures. |
Penalties for Non-Compliance (s. 259 CA 2016)
| Offence | Fine | Daily Default |
|---|---|---|
| Failure to lodge FS/AR | ≤ RM 50,000 | ≤ RM 1,000 per day |
| False statement in filing (s. 591) | ≤ RM 3 million / 10 yrs jail | – |
How Our Firm Helps
- XBRL Conversion & Validation – we tag, validate, and generate your XBRL within 3-5 days.
- mPortal Submission & Query Handling – end-to-end lodgement, tracking, and rectification.
- Board-Ready Packs – resolutions and directors’ statements drafted for seamless approval.
- Training – hands-on workshops for in-house finance teams.
Special Launch Offer: From RM 500 per set of audited FS filed before 30 June 2025. Book your free MBRS 2.0 readiness check now!
Last Updated: 28-Apr-2025