Xbrl filing in singapore
Xbrl filing in singapore
All companies incorporated in Singapore (unless exempted) are all required to file their financial statements with ACRA. Companies are required to file a full set of financial statements in XBRL format, according to a Minimum Requirement List within the new ACRA Taxonomy 2013 (i.e. Full XBRL). Whether the company is solvent or insolvent, its position will determine the needs to file Financial Statement with ACRA.
Solvent exempt private companies will continue to be exempted from filing their Financial Statements while insolvent exempt private companies will have the following options to file their financial statements with ACRA:
A full set of financial statements in XBRL format; or
A full set of financial statements in PDF with Financial Statements Highlights in XBRL format.
Our clients leaves the XBRL filing procedure to us due to its time-consuming nature, which involves studying of the system, selection of disclosures, inputing the data and tallying of information. Be rest assured and leave this hard work to us, we are an expert in this field.
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