Who is required to file via SBR?
Entities are mandated to submit annual financial statements electronically in compliance with Standard Business Reporting (SBR) protocols.
Since 2016, this requirement has applied to micro and small enterprises while for medium-sized entities, it is effective for financial periods commencing on or after January 1, 2017. Large entities and their medium-sized subsidiaries must comply with SBR requirements for statutory filings starting from the financial year that begins on or after January 1, 2025. All organizations must transmit their statutory filings to the Chamber of Commerce.
Digital Auditor’s Report
Auditors must submit reports digitally in SBR format, using a digital signature instead of a handwritten one. For audited filings, the report is part of the SBR (iXBRL) package. However, a digital signature does not replace the “wet” signature for KvK filing.
Your Responsibility
You remain responsible for filing the publication documents with the Chamber of Commerce. The introduction of SBR requires you to ensure that your financial statements are prepared and submitted in the correct format. Micro and small enterprises are permitted to utilize the KvK self-depository for filing purposes, while medium and large enterprises are mandated to file through SBR-enabled software.
How Forvis Mazars Can Help
Submitting publication documents in SBR format is mandatory. Our specialists at Forvis Mazars can assist you in preparing these documents in compliance with SBR requirements.
Through our digital platform, Forvis Mazars Signals, you can easily and securely submit your publication documents to the Chamber of Commerce.
Are you interested in learning how Forvis Mazars can support you in meeting your SBR obligations?