et Your MBRS 2.0 Filings Right – Without the Hassle 

With the rollout of Phase 3 of MBRS 2.0, the Companies Commission of Malaysia (SSM) has officially moved corporate reporting into a fully digital era. As of June 1, 2025, key filings—including audited financial statements, rectification applications, and exemption requests—must now be submitted exclusively online. Over-the-counter submissions are no longer accepted. 

To support this transition, SSM has introduced a temporary waiver on late submission fees between June 1 and September 30, 2025. Documents filed within three months of their due date will not incur penalties—even if they go beyond the standard 7-day grace period. But make no mistake: this is a short-term relief, not a green light for procrastination. 

This shift has added urgency and complexity to the annual report filing process. Company Secretaries and compliance teams must now adapt quickly to meet digital compliance requirements without compromising accuracy or deadlines. 

Annual report season can be overwhelming—especially with tighter timelines and stricter digital mandates. Filing late or inaccurately can result in penalties, rejection, or reputational damage. 

The good news? There’s a smarter way to handle it. 

Enter IRIS Instant—an AI-powered, cloud-based platform that transforms annual reports preparation and MBRS 2.0 XBRL filing. Built by the experts behind the MBRS portal and SSM taxonomy, it offers unmatched speed, accuracy, and compliance. 

This MBRS reporting guide walks you through how to file annual reports using IRIS Instant—step-by-step. 

Before diving into the steps, here’s what sets IRIS Instant apart: 

• Cloud-Based – No installations, access from anywhere 

• AI-Powered XBRL Tagging – Auto-identifies data and text blocks 

• Built by MBRS Experts – Same team that developed SSM’s taxonomy, mTool, and portal 

• Real-Time Validation – Uses the same engine as MBRS portal 

• Web-Based mTool-like Interface – Easier, smarter, and faster 

• Multi-User Collaboration – Role-based access control for teams 

Let’s walk through how to file MBRS reports using IRIS Instant: 

Step 1: Login to IRIS Instant 

Visit the IRIS Instant Portal. Enter your login credentials.
No software downloads or setups required—just log in and get started. 

Tip: Trial users can explore basic features, while licensed users unlock bulk uploads and full editing access. 

Step 2: Access Your Dashboard 

After login, the IRIS Instant dashboard appears—clean, intuitive, and role-based. 

What You’ll See: 

• Filing Workspace 

• Administration Panel 

• Filing History 

• Error Logs & Validation Reports 

Step 3: Start a New Filing 

Go to: Filing Workspace → File Upload → Single Upload 

• Choose your financial framework: MFRS or MPERS 

• Select the company using the smart search feature 

• Upload your financial statements (PDF format) 

Pro Tip: The platform remembers your company details for future filings—no repetitive data entry. 

Step 4: Let the AI Do the Heavy Lifting 

Once the PDF is uploaded, IRIS Instant’s AI-powered engine scans it for relevant financial and textual disclosures. 

• Auto-extracts key figures and mandatory sections 

• Tags values using the MBRS XBRL taxonomy 

• Eliminates manual tagging and reduces human error 

On-Screen Feedback: Filing status changes to ‘Submitted for Review’ 

Step 5: Review & Refine in the Editing Interface 

The web-based editing tool mirrors mTool but is faster and smarter. 

• Left Panel: MBRS Taxonomy Navigator 

• Right Panel: AI-pre-filled form with extracted values 

• Click to Verify: Double-click any field to cross-reference source data in your PDF 

Your Control Panel: 

• Add missing values 

• Remove incorrect tags 

• Validate pre-filled data 

Step 6: Run Auto-Calculations 

With just one click, calculate parent-level totals using: 

• ‘Auto Calculation’ feature 

• ‘Green Tick’ for value verification 

• Built-in logic that aligns with MBRS taxonomy structure 

Even if the total isn’t labeled in your source file, IRIS Instant estimates and fills it in. 

Step 7: Aggregation & Footnotes—Automated 

• Smart Aggregation: Merges multiple disclosures (like various depreciation line items) into one taxonomy-compliant concept 

• Footnote Handling: Auto-generates footnotes where required 

• Manual Option: Add or remove footnotes with a few clicks 

Step 8: Tag Text Blocks with Ease 

IRIS Instant detects and auto-tags mandatory textual disclosures like: 

• Director’s Report 

• Auditor’s Report 

• Accounting Policies 

You can review, modify, or manually tag additional blocks to ensure accuracy. 

Step 9: Real-Time Validation – No Errors Left Behind 

Using the same validation engine as the MBRS Portal, IRIS Instant checks: 

• Section-wise compliance 

• Mandatory fields 

• Data consistency and taxonomy alignment 

Error Management Made Simple: 

• Errors flagged at the top 

• Click the red pin icon → Jump to the exact field 

• Enter missing info (e.g., director ID, number of employees) 

• Save and proceed 

Step 10: Generate & Download Your XBRL File 

Once validation is cleared: 

• Click ‘Generate’ 

• XBRL file is created instantly and marked ‘XBRL Package Generated’ 

• Download the ready-to-submit package 

Bonus: No re-uploading required via mTool. Submit directly to the MBRS portal. 

Step 11: Track, Revisit, Refine 

Your dashboard retains: 

• Filing status 

• Output history 

• Errors and correction logs 

• Download links for final output 

Perfect for companies managing multiple filings across a portfolio. 

Avoid these risks with IRIS Instant—your compliance co-pilot. 

In a deadline-driven, accuracy-sensitive environment, IRIS Instant empowers Company Secretaries to file error-free, regulator-ready XBRL reports without the complexity. Whether you’re filing one report or handling a portfolio, IRIS Instant delivers speed, compliance, and control—all in one place. 

Don’t let MBRS filing stress you out. Automate, validate, and file confidently- with IRIS Instant. 

Ready to Get Started?

Click here for a free demo or trial of IRIS Instant
Start your annual reports preparation today with zero delays and 100% confidence.