ETL Global International Conference 2024

Ned Shelton, Ivan Zammit, Stef Oragano, Courtney Gleeson and Morten Kenhof were delighted to attend the ETL Global 2024 International Conference in Rome, on 09-11 October.

The main theme of this year’s event was “Achieving Quality Together”. The event was a chance to exchange knowledge and experience, and to explore the best strategies that can be applied to professional services firms.

The team participated in working group sessions, attended interesting panel discussions, and enjoyed networking with other professionals.

The Sheltons team are looking forward to the next ETL event and connecting with more members.

Ned Shelton (Managing Partner – Sheltons Australia, Sheltons Singapore, Sheltons UK)
Ivan Zammit (Partner – Sheltons Malta)
Stefano Oragano (Partner – Sheltons Denmark)
Courtney Gleeson (Partner – Sheltons Legal, Australia)
Morten Kenhof (Senior Consultant – Sheltons Denmark)

ETL GLOBAL – ETL GLOBAL | Tax, Legal, Audit, Accounting. (etl-global.com)

ETL GLOBAL Conference 2024 – Achieving Quality Together (etl-global.com)

If you would like to speak to one of the team, please visit our contact page.

 

 

 

 

Singapore incorporated companies are required to file financial statements with the Accounting and Corporate Regulatory Authority (ACRA). There are some exemptions. Additionally, some companies will also be required to file eXtensible Business Reporting Language (XBRL) format financial statements with ACRA.  

There are four types of XBRL templates which can be used: 

  • Full XBRL 
  • Simplified XBRL 
  • XBRL Financial Statements Highlights (Banks) 
  • XBRL Financial Statements Highlights (Insurance) 

The majority of non-publicly accountable companies will file XBRL financial statements using the full or the simplified template.  

The filing of full XBRL financial statements is mandatory in the following circumstances: 

  • Singapore incorporated exempt private companies (EPCS) that are insolvent and do not meet the “small company” criteria 
  • Singapore incorporated non-exempt private companies (EPCs)  

An exempt private company (EPC) will be characterised as follows: 

  • Usually ends with “Pte Ltd” 
  • Has a maximum of 20 shareholders 
  • Does not have any corporate shareholders 
  • Has a share capital 

A company fulfils the definition of a “small company” if the revenue and total assets for the financial year end do not exceed SGD 500,000 respectively. 

For more details on eXtensible Business Reporting Language financial statements filling requirements, please contact us.  

Contact Us

At Sheltons Accountants Singapore we have extensive experience in providing Singaporean and international tax advice. This includes advice on tax treaty issues and cross-border tax efficient structuring.

If you need advice or assistance with your Singaporean tax obligations, or if you would like us to prepare your Singaporean tax returns, we’re here to help.

Simply send us an email at SG@SheltonsGroup.com.

Sheltons Singapore

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