Unsure how these changes will affect your current or potential business in Singapore?
Speak to our Tax & Accounting team today to discuss what this means for you.
As part of ACRA’s continual efforts to streamline the filing of financial statements in XBRL format, ACRA will be revising the XBRL filing requirements for companies. The revised XBRL filing requirements will cover data most commonly used by companies for more meaningful comparison and benchmarking. For elements most companies, the number of data elements that they need to file with ACRA will be reduced.
Timeline for Implementation of revised XBRL filing requirements
Beta version of new BizFinx preparation tool
As XBRL has more data elements compared to XBRL Financial Highlights most Accounting and Tax corporate providers may also increase their pricing and fees as additional resourcing may be required.
Speak to our Tax & Accounting team today to discuss what this means for you.
Back to top