XBRL servies
What is XBRL?
XBRL (eXtensible Business Reporting Language) is a digital format used to present financial statements for direct submission to auditors, regulators, and analysts
ACRA Requirements
Since 3 March 2014, ACRA requires all Singapore-incorporated companies (limited or unlimited by shares) to file financial statements in full XBRL format using the ACRA Taxonomy 2013.
⚠️ Option B (Partial XBRL) is no longer accepted.
Directors remain responsible for the accuracy of filed financial statements.
Exemptions
The following entities are exempt from full XBRL filing:
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Commercial/Merchant Banks, Registered Insurers, and Finance Companies regulated by MAS
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Companies permitted by law to use other accounting standards (non-SFRS/IFRS)
✅ These companies must instead file:
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FS in PDF + FS Highlights in XBRL
???? Insolvent EPCs may file either:
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Full FS in XBRL, or
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Full FS in PDF + FS Highlights in XBRL
Exceptions:
- Companies limited by guarantee, foreign companies, and local branches → file FS only in PDF.
Why Choose Professional XBRL Filing?
Filing in XBRL can be time-consuming and error-prone. To avoid mistakes and ensure compliance, outsourcing to a professional firm is the most efficient solution.
At Singapore Accounting and Business Services Pte Ltd, we provide:
At Singapore Accounting and Business Services Pte Ltd, we provide:
- Accurate preparation of financial statements in XBRL format
- Full compliance with ACRA’s latest requirements
- Fast turnaround and expert support
Contact us today for reliable and hassle-free XBRL filing services.
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