Who Needs to File and Who is Exempted?

Filing Financial Statements

Who Needs to File and Who is Exempted?

Singapore incorporated companies (unlimited or limited by shares) which are required to file their financial statements with ACRA, will file a full set of financial statements in XBRL format, according to a minimum requirement list within the ACRA Taxonomy.

Filing of Option B (Partial XBRL), a filing option under the previous XBRL system (FS Manager), will no longer be available.
The table below sets out the filing requirements for various types of companies:

Type of Company	Filing of Financial Statements
Public / Private companies (limited/unlimited by shares), except those under(a) and (b)	Full set of XBRL financial statements
a. specific companies regulated by MAS, i.e. commercial banks, merchant banks,licensed insurers, finance companies regulated by MAS (Note: Only the above specified types of companies regulated by MAS are exempted from filing of a full set of XBRL financial statements. Other types of companies regulated by MAS, e.g. money changers, are required to file a full set of XBRL financial statements.)	Financial statements highlights (FSH) in XBRL format + PDF copy of financial statements
b. companies allowed by law to prepare accounts in accordance with accounting standards other than SFRS, SFRS for Small Entities and IFRS	FSH in XBRL format + PDF copy of financial statements
Solvent exempt private companies (EPCs)	Exempted from filing financial statements, but are encouraged to file with following options: full set of XBRL financial statements or FSH in XBRL format
Insolvent EPCs	Options of: full set of XBRL financial statements; or FSH in XBRL format + PDF copy of financial statements
Companies limited by guarantee	PDF copy of financial statements (XBRL filing not required)
Foreign companies and their local branches	PDF copy of financial statements (XBRL filing not required)