Digital Transformation by SSM for SME - MBRS 2.0
MBRS 2.0: What Malaysian SME Owners Need to Know The Malaysian Business Reporting System (MBRS) has undergone significant enhancements with the launch of MBRS 2.0 in September 2024. Built on the globally recognized eXtensible Business Reporting Language (XBRL), MBRS enables digital submission of financial reports, annual returns (AR), and exemption applications (EA) to Suruhanjaya Syarikat Malaysia (SSM). What's New in MBRS 2.0? MBRS 2.0 introduces critical upgrades beneficial for SME business owners. Key improvements include: Increased Submission Types : Submissions for financial statements (FS) and key financial indicators (KFI) now expanded from 9 to 15 categories, catering to a wider array of reporting needs. Bilingual Support : Users can now choose between English and Bahasa Malaysia, easing usability and broader adoption among SMEs. Enhanced Validation and Dynamic Dropdowns : Automatic validation reduces errors, and dynamic dropdowns simplif...