XBRL News from around the globe

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Turkey provides XBRL-driven data analytics

2  Indonesia proceeds with XBRL tax reporting

Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak) has recently nominated 37 companies, registered at 10 different tax offices, to submit their tax returns using XBRL.This ‘partial implementation’ of XBRL is intended as a trial stage in the digitisation of tax reporting, and builds on a pilot project launched in 2019.

We will investigate further and check against progress made in a pilot project in Switzerland …

3  Indian stock exchanges adopt mandatory XBRL for investor grievance reporting

In the latest example of India’s ongoing embrace of XBRL, the BSE (formerly Bombay Stock Exchange) and the National Stock Exchange of India (NSE) have issued circulars requiring listed companies to file information on investor grievances in XBRL.

Yet another innovative use case from the subcontinent!

 

—————————————————————

Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

 For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives. 

 New readers can read 3 free articles.  To  become a member with full access to all that Daily Fintech offers,  the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.

 

Start the conversation at Daily Fintech Conversations