No, only companies that are insolvent or have a corporate shareholder are required to submit financial statements in XBRL format when filing annual returns.
Do all companies need to file financial statements in XBRL format?
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About the Author: Bernard Koo
Bernard Koo is a business development strategist and AI consultant with a background in marketing and advertising. He helps businesses grow through data-driven SEO, PPC, and campaign strategies, while also guiding company incorporation and compliance across Singapore, Malaysia, and Indonesia. With experience in AI-powered messaging, WordPress development, and regulatory advisory, Bernard delivers practical, scalable solutions that align marketing, technology, and operations for business success in Southeast Asia.
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