SSM Waives Late Lodgement Fees for MBRS 2.0: What Malaysian Companies Need to Know

Practical guide to the MBRS 2.0 waiver in Malaysia and what it means for your filings

The Companies Commission of Malaysia (SSM) has introduced time-limited waivers of late lodgement fees to support the transition to the Malaysian Business Reporting System 2.0 (MBRS 2.0). This initiative eases adoption of XBRL-based reporting, but it does not extend statutory due dates under the Companies Act 2016. See SSM’s announcement (first waiver window) and MBRS information page. 

Key dates and what the MBRS 2.0 waiver Malaysia means

• 1 June – 30 September 2025: Waiver of late lodgement fees for MBRS 2.0 filings that are submitted after the seven-day grace period but within three months of the stipulated deadline, in line with Practice Directive 1/2017. Statutory deadlines still apply.

Sources: SSM Announcement (Malay) | Practice Directive 1/2017 (Revised 1 Oct 2024)

• 1 October – 30 November 2025: Additional waiver window announced by SSM for MBRS 2.0. Plan filings accordingly; after this period, normal late fees resume unless SSM issues a further notice.

Source: SSM FAQ (Category: MBRS 2.0 – Additional Period of Waiver)

Scope and eligibility

• Covered document types: Financial Statements and Audited Reports submitted via MBRS 2.0 (Companies Act 2016 entities). The waiver applies only where a filing missed the 7-day grace period but is within three months of the due date.

See: SSM Announcement | Practice Directive 1/2017

• Not covered: Annual Returns are not included in the waiver notices. Maintain normal Annual Return timelines and fees.

See: SSM FAQ reference

• Who is impacted: Companies required to lodge the above via MBRS 2.0. SSM’s MBRS page details the Phase 1–3 rollout culminating 1 June 2025 for the final tranche of mandatory digital filings.

SSM MBRS page

MBRS 2.0 in brief

MBRS 2.0 is SSM’s XBRL-enabled portal for digital submission of statutory documents. SSM’s materials and technical circulars set out the mandatory phases (December 2024, March 2025, and 1 June 2025) and the document classes that must now go through MBRS 2.0. Refer to the MBRS page here.

Penalties vs waivers: how the rules actually work

Important: These MBRS 2.0 waivers remove late-lodgement fees only; they do not extend statutory deadlines under the Companies Act 2016.

• Legal due dates stay put. The waiver removes late lodgement fees if you file within the stated windows and within the three-month post-deadline tolerance defined by SSM’s Practice Directive 1/2017.

See: Practice Directive 1/2017

• After 30 November 2025: Absent new guidance, normal late fees apply again. Monitor SSM’s announcements page for any change.

SSM FAQ (Additional Period of Waiver)

Practical playbook to use the waiver windows

1. Inventory your backlog. List each outstanding Financial Statement/Audited Report with original due date, the end of the seven-day grace period, and the three-month cut-off. File inside the relevant waiver window.
2. Validate MBRS 2.0 readiness. Confirm taxonomy mapping and resolve validation errors early; SSM’s MBRS page houses FAQs and guides for Phase 3 submissions.
3. Triage by urgency. Prioritise filings nearing the three-month limit so they still qualify for the waiver.
4. Document your basis. Keep working papers evidencing eligibility (date due, date filed, days late).
5. Align processes to digital. With Phase 3 live, treat MBRS 2.0 as business-as-usual for audited financial statements and related submissions.

Read also: MBRS 2.0 Malaysia Mandatory Filing. Is Your Company Prepared?

How InCorp Malaysia can help

• MBRS 2.0 conversion and filing: XBRL tagging, validation and e-lodgement of Financial Statements and Audited Reports.
  • Backlog remediation: Rapid diagnostic, phased filing schedule and status dashboard for audit committees.
  • Controls and cadence: Close-process enhancements so MBRS 2.0 filing becomes BAU from FY2025 onwards. 

Talk to us to navigate the MBRS 2.0 waiver Malaysia effectively and file within the qualifying windows without missing legal due dates.

About In.Corp Global Malaysia

In.Corp Global Malaysia, an Ascentium Company, is a trusted corporate service provider offering end-to-end business solutions, including company incorporation, compliance, accounting, taxation, Labuan IBFC and ESG advisory. With deep local expertise and a strong regional network, we help businesses navigate Malaysia’s evolving regulatory landscape. Contact us to learn more.