NL – Awareness around Standar…

NL – Awareness around Standard Business Reporting is growing

Published on: 27/03/2012
News

A recent survey shows that Dutch accountants and intermediaries are becoming aware of the Standard Business Reporting (SBR) specification. This is much needed, as Dutch Government decided that as from January 2013 the Standard Business Reporting Language (SBR) must be used as the single exchange format for automated declarations of personal income and corporate tax.

SBR is designed to have a single exchange format for the different and sometimes diverse reporting obligations a Dutch enterprise has. As from January 2013 it will be the obligatory exchange format for the declaration of personal income and corporate tax.  In the later future it is the purpose that the standard will also be used for other tax data, the delivery of statistics by the Dutch Central Bureau for Statistics (CBS) and the delivery of balance sheets to the Dutch Chamber of Commerce. Using this standard should reduce an entrepreneur’s time spent to all kinds of obligatory reports.

In view of the obligatory use as from January 2013, over a quarter of the Dutch organisations have started studying SBR and more than the half of them will start doing this in the second half of 2012. This resulted in the fact that the awareness of big organizations, whether or not governmental, around this standard has doubled.

SBR – how it works:

SBR is an initiative of Logius, which is the part of the Dutch Ministry of Home Affairs that is responsible for the infrastructure of e-Government. The standard works by labelling the data of the corporate administration in a standardised way so different reports can be generated easily and information can’t be interpreted differently. To support this, the Dutch Taxonomy is used as a vocabulary and eXtensible Business Reporting Language (XBRL) as a standard language. 

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