Suruhanjaya Syarikat Malaysia (SSM) has released a new version of the Malaysian Business Reporting System known as MBRS 2.0 on 25 September 2024.
With the implementation of MBRS 2.0, companies are required to prepare, validate, and submit all financial data and information online through the MBRS 2.0 system. SSM will no longer accept counter submission.
WHAT YOU NEED TO KNOW WITH THIS CHANGES
Timely Preparation of Management Accounts
Prepare your company’s management accounts within 3 months after the financial year-end to allow enough time for audit, tax, and company secretary teams to complete their tasks.
Required Longer Preparation Time
Company secretaries may need more time to enter and validate financial data through the M Tools system for MBRS 2.0 submission.
