The XBRL filing system must be used by some companies in Singapore, while for others it is optional. Find out how to use it here https://singapore-accounting.com/xbrl-filing-in-singapore/.

1. A presentation brought to you by
Singapore-Accounting.com

2. DEFINITION
XBRL is an electronic format
under which certain Singapore
companies must file their financial
statements.

3. APPLICABILITY
financial companies;
banks;
insurance and reinsurance
companies.
The format must be used by:

4. FOREIGN COMPANIES
Foreign companies, except for
branches operating in Singapore
must also adopt the XBRL filing
requirements.

5. EXEMPTIONS
sole traders;
partnerships;
companies with annual
revenues below SGD 5 million.
There are also exemptions from
using the XBRL filing format for:

6. FORMAT
the full template;
the simplified template;
the FSH template for
banks;
the FSH template for
insurance companies.
The XBRL filing system has
four formats:
1.
2.
3.
4.

7. In order to upload XBRL financial
statements in Singapore,
companies must set up BizFin
accounts with the Accounting
and Corporate Regulatory
Authority.
BIZFIN ACCOUNT

8. ADVANTAGES OF THE
XBRL FORMAT
is now available for various
companies;
supports different languages
and currencies;
can be used to generate
relevant financial reports.
The XBRL format:

9. ACCOUNTING SERVICES
If you need assistance in filing your
company’s financial statements
through the XBRL format, contact
our Singapore accountants.

10. THANK YOU FOR YOUR
ATTENTION!
For more information,
you can contact us at:
clients@companyformationsingapore.com
www.singapore-accounting.com