Must Singapore company financial statements be filed in XBRL?

Yes, companies incorporated in Singapore generally file their financial statements in XBRL format with the Annual Return. However, depending on the company's size and circumstances, it may use the simplified format (Simplified XBRL) or be exempt from filing.

• Simplified XBRL: generally applies to small non-listed companies whose revenue and total assets for the current year are both S$500,000 or less.
• Full XBRL: other companies incorporated in Singapore
• Filing exemption (solvent EPC): a company that meets both the exempt private company (EPC) and solvency requirements may be exempt from filing financial statements, and declares its solvency when filing the Annual Return.
• Dormant company: if all Companies Act requirements are met, it may be exempt from preparing and filing financial statements.

Which format applies is determined each year based on the figures in the financial statements, so please check after the year-end closing is completed.

Tax treatment can differ depending on the company's revenue, shareholder structure and transactions, so please consult an accounting professional before applying it.

The Lee Kim Alliance accounting team provides accounting and tax consultations.

As of November 2026, source: ACRA