What is eXtensible Business Reporting Language (XBRL) ?

eXtensible Business Reporting Language (XBRL) is a standardised format of financial reporting for almost all businesses in Singapore. Depending on your company’s revenue and assets, you can submit your financial reports in Simplified XBRL format instead of the Full XBRL format.

The XBRL is the international format for financial reporting and the filing must be completed on ACRA’s portal BizFinx.

Updated on: 16/01/2023