Use of xbrl in registries and news on applicable technological developments berit loog
Ministry of Justice
Before 2010 entrepreneurs reported about
their activities and economic indicators to
Data was submitted in duplicate form.
No single format for the submission of data.
Reporting arrangement was also burdensome
for the state.
A Government Committee was formed:
- Ministry of Justice
- Ministry of Economic Affairs and Communications
- Ministry of Agriculture
- Ministry of Finance
- Ministry of Social Affairs
- Estonian Board of Auditors
- Estonian Chamber of Commerce and Industry
- Bank of Estonia
- Estonian Tax and Customs Board
- Statistics Estonia
- Centre of Registers and Information Systems
The main objectives of the project were:
- to simplify the submission of different
- to minimize the reporting obligation of
undertakings before different authorities.
The main results of the project were:
- the taxonomy was developed;
- a special environment was developed for the
submission of annual reports;
- the rule was introduced: the same data may
not be asked twice.
E-reporting environment uses the XBRL
standard, which provides major benefits in
the preparation, analysis and communication
of business information.
An annual report taxonomy was created.
The portal also accepts the e-IDs of Portugal,
Belgium, Finland and Lithuania.
As of 1st of January 2010 it is mandatory to
submit annual reports electronically through
the e-reporting environment.
An accounting entity has to follow the
taxonomy and the reporting forms prepared
on the basis of the annual report taxonomy.
The use of the e-reporting environment of
the Company Registration Portal requires
logging in with the ID card, the mobile ID or
via online banking.
Access is allowed for Board Members, general
partners, limited partners, subsidiary
managers, liquidators, bankruptcy trustees.
E-reporting environment allows:
- to prepare the main reports;
- to add documents;
- to digitally sign the report;
- to prepare the sworn auditor’s conclusion
and to certify it electronically;
- to send the report to the Commercial
A single reporting way and environment was
established, making the entry and transfer of the
data more convenient.
Taxonomy was developed – the data of an annual
report already submitted to the Commercial
Register can be used in full.
The submitted data is available faster.
E-reporting environment involves automatic
checks – allows to avoid mistakes, resulting in a
more high-quality report.
Faster processing of reports – saving time for the
The legal regulation of the whole
The content of the taxonomy of an
Submission of a report on data fields
in a certain environment.
E-reporting environment makes the entry of
data significantly more convenient.
The processing of business data has become
quicker and easier.
The administration of the reporting obligation
The key principle of submitting data was
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