Specialists in XBRL conversion Service for Singapore ACRA filing
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XBRL Tagging and XBRL Preparation for ACRA XBRL Filing
ACRA (The Accounting and Corporate Regulatory Authority) in Singapore mandated the financial report filing requirements. Accordingly, companies must file their financial statements in XBRL ACRA format from 3rd March 2014. The ACRA XBRL download requirements are applicable for companies filing their financial statements with periods ending on or after 30th April 2007.
XBRL Tagging services by DataTracks:
DataTracks is a global leader in XBRL Preparation Solutions. Our solution is market-ready with ACRA taxonomy, geared to cater to the ACRA XBRL needs of Singapore entities from 2013 till date. We assist several Companies, Auditing, and Secretarial firms in many countries across the globe, especially in Singapore, to successfully convert Financial Statements into XBRL download format to comply with ACRA filing requirements. Also, DataTracks has successfully prepared compliance reports for the top accounting firms and companies in Singapore.
Get Your XBRL Requirements Fulfilled Today
All Singapore-incorporated companies must file financial statements with XBRL ACRA, except those exempted. The filing requirements depend on the type of company you own, as briefed below.
Singapore ACRA XBRL filing requirements
| Companies that file FS that are made public | Current |
Revised (mandatory from 1 May 2021) |
SG-incorporated companied that are not covered in Groups 2 to 5 below.
|
To file FS in Full XBRL template. |
To file FS in XBRL format, and the extent of XBRL filing varies based on the company's nature and size of operations:
Smaller and non-publicly accountable companies (both terms are defined below): To file FS in Simplified XBRL template, together with PDF copy of FS authorised by durectors: and
All other companies - To file FS in Full XBRL template. |
SG-incorporated exempt private companies (EPCs) that are insolvent |
To file FS in either:
XBRL FSH (General) template, together with PDF copy of FS authorised by directors: or
Full XBRL template. |
To file FS in XBRL fomrat, and the extent of XBRL filing varies based on the company's nature and size of operations:
Smaller and non-publicly accountable coompanies (both terms are defined below):
To file FS in Sinpmlied XBRL template, together with PDF copy of FS authorised by directors; and
All other companies- To file FS in Full XBRL template. |
SG -incorporated EPCs that are solvent |
Not required to file FS. If the company opts to file the FS in any of the following formats voluntarily:
A PDF copy of the FSS authorized by directories;
XBRL FSH (General) template; or
FS in Full XBRL template. |
Not required to file FS. If the company opts to file the FS either voluntarily:
A PDF copy of the FS Authorised by directors; or FS in XBRL format.
If the company chooses to file FS in XBRL format, the extent of XBRL filing will vary based on the same criteria ass Groups 1 and 2. |
SG - incorporated companies include banking, finance, and insurance ass regulated by MAS. |
To file FS in:
*XBRL FSH (Banks) template; or
*XBRL FSH(Insurance) template, together with PDFcopy of the FS authorized by directors. |
To file FS in:
*XBRL FSH (Banks) template; or
*XBRL FSH (Insurance) template, together with PDF copy of the FS authorized by directors.
|
SG-incorporated companies prepare FS using accounting standards other than those prescribed in Singapore or IFRS. |
To file FS in XBRL FSH (General)template, together with a PDF copy of the FS authorized by directors. |
To file only a PDF copy of the FS authorized by directors.
|
SG-incorporated companies are limited by guarantee. |
To file only a PDF copy of the FS authorized by directors. |
To file only a PDF copy of the FS authorized by directors.
|
Foreign Companies with SG branches |
To file only a PDF copy of the FS authorized by directors.
|
To file only a PDF copy of the FS authorized by directors.
|
Global presence
Headquartered in Singapore with a presence across the US, Africa, Europe, and Asia Pacific
Track Record
With over 19 years of experience in the XBRL industry and a portfolio that includes the creation of more than 400,000 compliance reports worldwide, our expertise in XBRL tagging is both extensive and proven.
Quality
Certified by XBRL US for XBRL Data Quality and certified for ISO 9001:2015 quality standards by TÜV of Germany. Our commitment to excellence in XBRL tagging is both recognized and affirmed.
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Our team of professionals is highly skilled, qualified accountants with in-depth knowledge and expertise in XBRL reporting and a good understanding of the ACRA taxonomies.
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Receive unparalleled assistance with your XBRL filings from our XBRL experts, distinguished by their mastery in XBRL tagging and comprehensive understanding of multiple accounting standards.
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