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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 are required to file their financial statements in XBRL ACRA format with effect 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.

 

DataTracks XBRL Tagging services

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: andAll 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: orFull 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; andAll 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; orFS 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.

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