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