Singapore: XBRL filing is compulsory starting from March 3, 2014

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Are You Ready For XBRLXBRL stands for Extensible Business Reporting Language designed to improve accuracy and analysis of financial reporting. Singapore is among many countries that had already adopted XBRL reporting. The USA, the UK, Canada, Japan, Australia, China, India, South Africa and some of EU countries are among those which already requiring local companies to report their financial statements in XBRL format. Financial statements prepared in XBRL format must be uploaded to ACRA with the Annual Return (AR) in Singapore. Eltoma Corporate Services has knowledge and practical experience to prepare XBRL reporting for Singapore offshore company clients. Please find more information on the official website of ACRA http://www.acra.gov.sg/XBRL