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On 27 September 2018, the Companies Commission of Malaysia (CCM) has launched the Malaysian Business Reporting System (MBRS), a digital submission platform, with the primary aim to improve financial and business reporting and to phase out over-the-counter manual submissions of Annual Returns (AR), Financial Statements (FS) and Exemption applications (EA) related to the FS and AR.  

MBRS is based on the eXtensible Business Reporting Language (XBRL) format and it is mandatory for all companies to prepare their ARs, FS and EA using the preparation tool, mTool and submit to CCM using the MBRS platform, known as mPortal. The mandatory implementation is held in stages and by zones starting from 1 November 2018 with AR, Unaudited FS and Exempt Private Certificate. See CCM’s announcement here.

Kuala Lumpur and Selangor (Central Zone)	November 2018
Negeri Sembilan, Melaka and Johor (Southern Zone)	December 2018 / January 2019
Pahang, Kelantan and Terengganu (Eastern Zone)
Perlis, Perak, Kedah and Penang (Northern Zone)	February 2019
Sabah, Sarawak and Labuan (East Malaysia)	March 2019

The guiding principles behind the financial and the non-financial scopes for MBRS are based on the Companies Act 2016, Malaysian Private Entities Reporting Standards (MPERS) and Malaysian Financial Reporting Standards (MFRS).

There are three main components in the MBRS:-

1. MBRS Taxanomy : a dictionary of financial & non-financial reporting element of AR, FS and EA embedded in the mTool
2. MBRS Preparation Tool (mTool) : a programme that allows companies to prepare & generate AR, FS and EA in XBRL format; and
3. MBRS Portal (mPortal) :  a submission platform to lodge XBRL file for AR, FS & EA to CCM.

CCM will announce the mandatory implementation of the submission of Audited FS through MBRS on later date.

The preparation process of a regulatory compliance XBRL report requires a lot of time, efforts, and skill. Our well trained and experienced team is able to assist our clients on efficient XBRL filing.