What is XBRL? Do I need to prepare and submit my accounts in XBRL format to ACRA?

XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data worldwide. For XBRL filing requirements, please refer to https://www.acra.gov.sg/xbrl-filing-and-resources/who-needs-to-file-financial-statements