XBRL (eXtensible Business Reporting Language) is a digital tagging standard required by Singapore's Accounting and Corporate Regulatory Authority (ACRA), embedding machine-readable tags into financial statements so the data can be processed automatically as well as read by humans. Tagging doesn't change what a business reports, only how the financial statements are marked up before submission. Most Singapore-incorporated companies must submit their financial statements in Full or Simplified XBRL format alongside their Annual Return.

ARKK's specialist team manages the tagging of your financial statements as a fully managed service, applying the correct ACRA taxonomy before testing and validating the output against ACRA's requirements. You review the tagged files before they're submitted, with turnaround available in as little as one day when deadlines are tight.

Files are uploaded and managed through ARKK's ISO 27001-certified cloud-based portal, the internationally recognised standard for information security management. This gives you a single, secure destination for uploading, tracking, and accessing your tagged files throughout the process.

Incorrect or incomplete tagging can result in a rejected Annual Return, creating delays and exposing your company to late filing penalties on top of the setback. Keeping up with ACRA's taxonomy requirements, which vary by company profile, also requires specialist knowledge, which is why handing tagging to a dedicated team, rather than managing it in-house, reduces the risk of errors going uncaught before submission.