The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia, SSM) has issued updated MBRS taxonomy requirements for 2026, reflecting changes to both the Malaysian Financial Reporting Standards (MFRS) and Malaysian Private Entities Reporting Standard (MPERS) frameworks. All Sdn Bhd and Bhd companies with XBRL filing obligations under the Companies Act 2016 should review these updates.
Xberra Tagger's MBRS tagging engine is fully updated to reflect the 2026 SSM taxonomy. All client filings are automatically processed under the current requirements - existing clients do not need to take any action.
Who Must File XBRL in Malaysia?
Under Malaysia's Companies Act 2016, all companies registered with SSM are required to file their financial statements in XBRL format via the MBRS portal. This includes:
- All Sdn Bhd (private limited) companies
- All Bhd (public limited) companies
- Companies applying MFRS or MPERS reporting frameworks
- Companies filing Annual Returns (AR), Financial Statements (FS), and Exemption Applications (EA)
Key Changes in the 2026 MBRS Taxonomy
The 2026 taxonomy update includes revised element definitions for financial instruments under MFRS 9, updated disclosure requirements for lease obligations under MFRS 16, and refinements to the MPERS taxonomy for private entities. Companies with significant lease portfolios or complex financial instruments should note these changes specifically.
Filing via MBRS
Xberra Tagger is officially registered with MBRS as a certified filing agent, authorised to prepare and lodge AR, FS, and EA submissions on behalf of client companies. Our tagging follows the latest SSM taxonomy and supports both MFRS and MPERS reporting frameworks, covering standalone and consolidated financial statements.
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