Publicerat: 16 december 2019

New report on the digitalization of business reporting

The way government authorities collect and process data from the business sector is under transformation. What formerly used to be a highly analogue procedure is now becoming more and more digitalized with few or no manual elements. But the digitalization methods and strategies applied in different jurisdictions and by different authorities varies. In the newly published report Trends in digital reporting – future developments of information transfer between businesses and governments Deloitte Sweden provides an overview over some current trends in digital reporting. The aim is to create a platform for a deepened and more initiated discussion of possible future pathways, both within and outside Sweden. The report shows that digital reporting requirements seldom derive from one single driver. Improving tax collection capabilities is an important motivator in many jurisdictions, but the ground for digitalization of reporting requirements does not necessarily have to be associated with the collection of tax. Simplification and release of administrative burden for in particular SME:s are also important drivers. Digitalization is for example seen as a key instrument to implement the once-only principle (TOOP), meaning that business entities should only have to report a particular piece of information once to the government.

From a business perspective, there is evidently much to be gained from facilitated reporting processes, increased possibilities for information re-use and thus, an eased reporting burden. Digitalization of reporting obligations is however not unproblematic. Digitalization creates conditions where it is possible to collect large quantities of data to which advanced analytical methods can be applied. Larger data flows and the re-use of reported data thus raises questions regarding business integrity, confidentiality and potential misuse of information. Another aspect of the digital development is the potential to shorten reporting periods significantly and to transfer data in real-time.

Despite various common initiatives within the EU and OECD, the degree of international harmonization in the area of digital reporting is generally low. For large enterprises that operate in several jurisdictions, it is difficult to find universal systems and processes that meet the various reporting requirements. The report highlights the importance of flexible technical solutions, that allow businesses to make their own choice of software and service providers.

Going forward, digitalization and demand for standardized data will most likely also influence the content of the reporting requirements. On the tax-reporting side, we see a discussion on how to make the tax legislation more code friendly in order to allow for automatic tax assessments within the systems of the reporting entity. For government authorities and enforcers, the digital development enables the use of new supervisory tools and methods. The report underlines the need to strike a balance between the authorities’ enforcement power and the risk of formal reporting errors, in order to safeguard the legal rights of reporting entities.

The report is available for download here. A printed version of the report can be ordered from Confederation of Swedish Enterprise.


No Comments » for New report on the digitalization of business reporting
1 Pings/Trackbacks for "New report on the digitalization of business reporting"

Innehåll A–Ö

Fler sajter från oss

Utöver svensktnaringsliv.se står Svenskt Näringsliv bakom ett flertal andra webbplatser. Några av dessa hittar du nedan.

www.fplus.se

Nyhetstjänsten ƒPlus

Svenskt Näringslivs nyhetstjänst med de viktigaste nyheterna från Sverige och världen, med möjlighet till fördjupning och perspektiv, helt efter dina val och intressen.

www.fplus.se »

Arbetsmarknadsnytt

Arbetsmarknadsnytt

Nyhetsportal om svensk arbetsmarknad med nyheter, reflektioner och fakta om allt från lönebildning, kollektivavtal till arbetsmarknadslagstiftning och internationell konkurrenskraft.

arbetsmarknadsnytt.se »

Ekonomifakta.se

Ekonomifakta

Ekonomifakta vänder sig till alla som snabbt behöver fakta om skatterna, arbetsmarknaden, jobben, företagandet och tillväxten. Våra källor är offentlig svensk och internationell statistik.

ekonomifakta.se »

Foretagsklimat.se

Företagsklimat

Näringslivsrelaterad statistik på kommunnivå och enkätsvar från tiotusentals företagare och politiker som bedömer olika aspekter av det lokala företagsklimatet i Sverige.

foretagsklimat.se »

valfardsskaparna.se

Välfärdsskaparna

Här visas vad företagens och deras anställdas skatter motsvarar i form av till exempel lärare eller förskoleplatser.

valfardsskaparna.se »

finfa - en del av Svenskt Näringsliv

finfa

Finfa – en del av Svenskt Näringsliv erbjuder företag som tecknat eller avser teckna avtalsförsäkringar service.

finfa.se »

fTalang

fTalang

fTalang är ett initiativ för att identifiera, coacha och utveckla framtidens ledare i samhälle och näringsliv.

ftalang.se »

Jobbamedlonen.se

Jobba med lönen

Verktyg som hjälper er att strukturera och planera lönearbetet, så att det gynnar företagets mål och medarbetare.

jobbamedlonen.se »