Solvent Exempt Private Limited Company
All solvent Exempt Private Limited Companies, including Dormant Exempt Privated Limited Companies will continue to be exempted from filing their accounts and XBRL filing will not required.
Insolvent Exempt Private Limited Company
Insolvent Exempt Private Limited Companies will be required to file their financial statements with ACRA. They will have the choice of filing the new full set of financial statements in XBRL format or a full set of financial statements in PDF with Financial Statement Highlights in XBRL format.
Private Company (non EPC)
Private Companies will be required to file a full set of financial statements in XBRL format.
Companies exempted from filing full set of financial statements in XBRL format
Commercial Banks, Merchant Banks, Registered Insurers and Finance Companies regulated by the Monetary Authority of Singapore and Companies allowed by law to prepare accounts in accordance with accounting standards other than SFRS, SFRS for Small Entities and IFRS (International Financial Reporting standards) will be exempted from filing full sets of financial statements in XBRL. They will be required to file their financial statements in PDF with Financial Statements Highlights in XBRL format.