In 2018, Companies Commission of Malaysia (CCM), commonly known as Suruhanjaya Syarikat Malaysia (SSM) in Malay term, introduced a digital submission platform known as the Malaysian Business Reporting System (“MBRS”) based on the eXtensible Business Reporting Language (“XBRL”) format. This platform allows for the digital annual filings of Financial Statements and Reports (“FS”), Annual Returns(“AR”) and Exemption Applications (“EA”) related to FS and AR applications.
For your benefit we have collated relevant information related to XBRL filing with SSM-MBRS. The information is provided as a guide only and is not professional advice including legal advice.
XBRL, abbreviation for eXtensible Business Reporting Language, is an XML-based language for tagging...Read More
Why is XBRL the format in which SSM-MBRS needs financial statements? Learn more about advantages of XBRL...Read More
SSM requires all Malaysia incorporated companies to file their annual returns and financial statements in XBRL...Read More
All companies are strictly required to file full sets of financial statements unless exempted by SSM...Read More
Every business entity that is required to file their annual returns must prepare their financial statements...Read More
Companies have multiple options to consider when it comes to preparing their XBRL reports. The best option...Read More
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