Listed below are the three most related developments on the planet of structured reporting we turned conscious of in the middle of final week.
1 Hong Kong prepares for digital tax reporting utilizing inline XBRL
The Hong Kong Inland Income Division (IRD) seems set to launch Inline XBRL-based digital tax reporting for enterprise throughout the subsequent 18 months. It just lately revealed a session paper detailing progress thus far on its ‘e-Submitting Venture’ on digital submitting of ‘earnings tax returns’ – these used for enterprise somewhat than particular person or property taxes – and setting out its proposals for transferring ahead.
Swiss cantonal tax workplaces in all probability don’t benchmark globally, therefore they are going to by no means find out about this. And the Feds will solely do what’s accredited by the decrease degree.
2 ESMA publishes 2021 ESEF XBRL taxonomy information and …
ESMA goals to facilitate the implementation of the European Single Digital Format (ESEF) by offering to XBRL taxonomy information and Conformance Suite check information that replicate the necessities contained within the 2021 draft replace to the ESEF Regulation and the 2021 replace to the ESEF Reporting Guide.
It might be slightly complicated to tag vital new paperwork showing near the tip of 1 yr and used nearly solely within the new yr with the outdated yr’s moniker, however there you’re. Numerous hours of editorial workforce conferences can have been spent on the subject …
3 EIOPA set out a ahead trying digital transformation technique
The European Insurance coverage and Occupational Pensions Authority (EIOPA) revealed in the present day its digital transformation technique, to make sure a scientific, balanced and holistic strategy to the technological transformation of the European insurance coverage and pensions markets and their supervision that’s at the moment underway.
Whereas this technique doc appears to be set out at a really excessive (we’d have referred to as it meta-level earlier than …) degree, its implementation is not going to be doable with out recourse to structured knowledge codecs.
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Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for buyers.
We’ve got a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient info to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and skim articles tagged XBRL in our archives.
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