XBRL

XBRL FILING

What is XBRL Filing?

Companies are required to file Financial Statement in XBRL format in BizFinx system since 2007.

Who can be exempted for XBRL Filing?

Solvent exempt private companies (EPCs) will be exempted from filing their Financial Statement in XBRL format with ACRA. EPC can file their Financial Statements by attaching it in PDF format. This Financial Statement must be the same report that is used during the Annual General Meeting.

Who must prepare XBRL Filing?

Type of Companies XBRL Filing Requirement
Public / Private companies (limited/unlimited by shares), except those under (a) Full set of XBRL
(a) Specific companies regulated by MAS, i.e. commercial banks, merchant banks, licensed insurers, finance companies Financial statements highlight (FSH) in XBRL format + PDF copy of financial statements
Solvent Exempted Private Limited Companies Encourage to file

Full Set of XBRL or

Financial Statement Highlight (FSH) in XBRL format

Insolvent Exempted Private Limited Companies Option of

Full Set of XBRL or

Financial Statement Highlight (FSH) in XBRL format

Solvent Non-Exempted Private Limited Companies (With a Corporate Shareholder) Option of

Full Set of XBRL or

Financial Statement Highlight (FSH) in XBRL format

Company Limited by Guarantee PDF copy of financial statements

(XBRL filing not required)

Foreigner Company and their local branch PDF copy of financial statements

(XBRL filing not required)

What is the step to prepare XBRL?

Step 1: Prepare financial statements in XBRL format

Step 2:Validate XBRL file and ensure there is no Genuine error in BizFinx

Step 3:Upload to BizFinx. XBRL will be reflected in ACRA upon log in.

How can we can help you?

Step 1: Email us a Microsoft Word copy of the Unaudited/Audited Financial Statements.

You can obtain a copy from your auditor or accountant.

We can compile the Unaudited Financial Statement if your accountant has not prepared it.

Step 2: Completion within 4 working days (excluding public holidays and weekends) upon receipt of Microsoft Word copy of the Financial Statements.

Step 2a: For express cases, an additional fee of $50 will be charged to complete within 2 working (excluding public holidays and weekends) days upon receipt of Microsoft Word copy of the Financial Statements.

XBRL TAGGING FEE

Types of Accounts Price Per Set
Financial Statement Highlight $180
Full set of Financial Statements (Standalone) $280
Full set of Financial Statements (Consolidated) $380

Attractive EBOS member price is available.

Please email ask@ebos-sg.com to find out.

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