Any company with operations on the territory of Singapore
must file several times a year various documents, which are required by the financial and legislative bodies of the state. According to the Singaporean legislation
, financial statements
must be submitted by all companies
to the Accounting and Corporate Regulatory Authority (ACRA)
; if you are interested in setting up a business in Singapore
, our team of lawyers
can offer you more details on this subject.
Requirements for submitting financial statements in Singapore
Companies registered in Singapore
must file their financial statements by using the XRBL
(eXtensible Business Reporting Language) system, which is used in order to generate a computer-readable version on the submitted documents. XBRL system
can tag various data from the documents, which allows ACRA’s authorities
to extract the information needed in a faster pace.
From the beginning of 3rd of March 2014, all companies
are required to submit financial statements
on the online platform created by ACRA
; our lawyers in Singapore
can explain to you the procedure.
Financial statements – required list of documents in Singapore
According to the set of rules imposed by ACRA
, all companies must submit their financial statements
, but the requirement list varies according to the type of company
; our attorneys in Singapore
can offer you a detailed list on this matter.
Companies must submit the following list of documents:
• auditor’s reports, carried out by an independent entity;
• income statement;
• statement of cash flow;
• disclosure notes on the corporate information, property, grants contracted from the government, revenue and share capital.
If you need further information on how to submit company’s financial statements
, our lawyers in Singapore
can offer you guide through the procedure applied by ACRA