BizFinx will now be launched on 3 March 2014 and Singapore incorporated companies (unless exempted) will be required to file a full set of financial statements in XBRL based on revised filing requirements through BizFinx at www.bizfinx.gov.sg.
(a) Full XBRL format (option A) using FS manager,
(b) Partial XBRL format (option B) using FS manager; or
(c) Full PDF format (option C) - select "Other companies which have been approved by ACRA", with the date of approval as "1 December 2013" and reason stated as "Transitional arrangement for BizFinx launch".
With the launch of BizFinx, the above filing options will cease and FS Manager will be phased out. Companies planning to file their Annual Return using any of the above filing options, must complete their Annual Return transaction before 28 February 2014, 2359 hours.
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. This assistance is applicable for companies filing a full set of financial statements in XBRL format during the first year of implementation of the revised filing requirements. Details on extension of time to hold AGM and penalty waiver for late filing of AR are available here.