ANNUAL RETURN & XBRL FILING

As per the rules set by Accounting and Corporate Regulatory Authority (ACRA), all Singapore Incorporated Companies (unless exempted) that are either unlimited or limited by shares will be required to file a full set of financial statements in XBRL format. The filing must comply with the minimum requirements reflected within ACRA Taxonomy 2013 (i.e. Full XBRL).Filing of Option B (Partial XBRL), under the current XBRL filing system, will no longer be available.

Insolvent EPCs can choose to file their financial statements with ACRA, via:

• A full set of financial statements in XBRL format; or
• A full set of financial statements in PDF with Financial Statements Highlights in XBRL format.

Services

All Singapore registered companies is required to hold Annual General Meetings (AGM) and file Annual Returns (AR).
Newly incorporated company is required to hold its first AGM within 18 months from date of its incorporation, and thereafter once in every calendar year and not more than 15 months after the holding of the last preceding AGM. Companies must file the annual return within 1 month after holding its AGM.

You can outsource the preparation of your Financial Statement in XBRL format to Chan Management Services. Our professionals will prepare your financial statements in accordance to requirements listed in ACRA Taxonomy 2013.

Process/Documents Needed

• Any one of the director (or Company Secretary) to be present personally at the time of filing.
• Bring NRIC and/or Passport of the director
• Bring authorisation letter from director, if Company Secretary is acting on behalf
• Actual Date the Annual General Meeting is conducted
• Financial Statement prepared in accordance to Singapore Financial Reporting Standard