BizFinx Mandatory Filing Transition Guide

BizFinx is now fully enforced. Here's who must comply, the phased rollout timeline, and a step-by-step checklist to transition without filing delays.

Entity Type	Companies Act	Mandatory From
Public companies & large private companies	Companies Act (Singapore)	1 December 2024
Medium and small private companies	Companies Act (Singapore)	1 March 2025
Companies still under the old Companies Act 1965 regime	Companies Act 1965 (transitional)	1 June 2025

Always confirm your exact phase and entity classification with ACRA, as thresholds can be updated.

Confirm which BizFinx phase applies to your entity type
Update to the latest BizFinx Conversion Tool version and re-check taxonomy compliance
Re-validate any financial statements prepared under the old ACRA XBRL taxonomy
Review footnote and disclosure tagging against the updated taxonomy structure
Confirm your filing agent or internal team is trained on BizFinx changes

Need help transitioning to BizFinx?

We handle the taxonomy update for you.