Standard Business Reporting (SBR) outsourcing solution

What does this mean for your business?

There is no change to the content of the financial statements or the annual report. Practically speaking, however, there are significant implications.

The reporting process of the company must change to produce the financial statements in the electronic format. Addressing the new requirements may require purchasing and implementing specialized software or using a specialized service provider. The implementation and continued execution will require time and attention.

How we can help you

We offer companies that prefer to outsource these efforts a fully managed solution that ensures your reporting is accurate, compliant and delivered on time with minimal impact on your financial operations.

Whether your digital report is prepared in the XBRL format or the inline XBRL (iXBRL) format, we have a suitable solution to convert your audited financial statements in PDF or paper format into the correct digital format that can be filed with the Chamber of Commerce. This process is outlined below.

Whether you require the XBRL or iXBRL format, our specialized outsourcing service is designed to deliver operational efficiency and ensure compliance on a timely basis. In addition to the digital filing of your annual report, we may also support you in filing the following documents (which are also required to be filed in a digital format):

• Consent and liability declarations when making use of the filing exemption of article 2:403 of the Dutch Civil Code; and
• Annual reports of a foreign parent company when making use of the consolidation exemption for intermediate holding companies under article 2:408 of the Dutch Civil Code.