With effect from today, Singapore incorporated companies (unless exempted) will be required to file a full set of financial statements in XBRL based on revised filing requirements through the new BizFinx portal at www.bizfinx.gov.sg.
To assist companies in transiting to the revised XBRL filing requirements, companies other than public listed companies, will be given more time to hold their Annual General Meeting (AGM) or to file their Annual Return (AR) form. ACRA has also issued Practice Direction 01/2014 to provide more information on the revised XBRL filing requirements and BizFinx filing system.
For details on the revised XBRL filing requirements, training resources as well as details on extension of time to hold AGM and penalty waiver for late filing of AR, please visitwww.acra.gov.sg/xbrl.