Companies filing Country by Country reports as mandated by OECD will need to ensure compliance with Version 2.0 of the CbC XML Schema by February 1, 2021.
To help companies prepare, the Altova Country By Country Reporting Solution now supports Version 2.0 of the schema, adding to prior support for Version 1.0.1. The latest version of the cloud-based app also provides support for additional country-specific validation rules.
We are excited to announce a new SaaS subscription model for Altova legal, financial, and regulatory apps. The Altova Cloud offers a seamless experience for users to simply log in and start using one or more Altova apps, without the need to download or install any software.
Let’s take a look at some advantages of choosing Altova cloud apps and what makes the Altova Cloud different from other SaaS subscription models.
In response to measures related to the COVID-19 crisis, the European Banking Authority (EBA) has issued updated reporting and disclosure requirements. These are designed to accommodate, for instance, emergency legislation on pausing loan repayment schedules and the resulting impact on financial institutions.
As such, the corresponding local XBRL taxonomies for reporting to the EBA have been updated with these temporary changes. Altova has published updated taxonomy installers that provide the most recent versions.
Updated taxonomies are included with any installation of the Altova EBA XBRL Add-in for Excel, and additional local taxonomies including BBK, BDP, NBB, and SRB are available on the product download page.
Additionally, the XBRL Taxonomies Installer for all other Altova products that provide XBRL functionality, including XMLSpy, MapForce, and StyleVision, has been likewise updated.