Does the SBR obligation apply to you? Medium-sized companies are defined as organisations with fewer than 250 employees, an annual turnover not exceeding € 40 million, or an annual balance sheet total ≤ € 20 million. If your company is part of a group with a head that qualifies as large or listed, the SBR obligation will only apply to you from the 2019 financial year. Companies in the micro- and small classes were already subject to this obligation. Additionally, the audit report will also become digital (in SBR), and the digital signature will replace the traditional 'wet' signature.
As an entrepreneur, you are responsible for submitting the publication documents to the Chamber of Commerce yourself. The introduction of the SBR obligation, therefore, requires an investment from you to ensure the correct submission of your publication documents.
It is mandatory to submit publication documents in SBR. Mazars' specialists can assist you in preparing these publication documents. Through our digital platform Mazars Signals, we can help you comply with your SBR obligation. Here you can easily and securely submit your publication documents to the Chamber of Commerce.
The constant changes in the economy, security, compliance and social trends strongly impact our daily lives. We live in a world where we want to have access to the most recent information, from anywhere and at any time. Data security standards and legislation are also becoming increasingly important. That is why we created Signals, our digital collaboration platform.
The annual financial report provides a picture of the opportunities and challenges for your company. It forms the basis for your plans and found relevant information about your organisation. Using the annual figures, Mazars will catalogue the opportunities and risks for your business.
Mazars possesses extensive audit experience working with (international) organisations. We specialize in conducting audits of financial statements for these organisations and actively keep our clients informed about developments, including legislative changes, new regulations, and innovative solutions.
Standard Business Reporting (SBR) is a method for compiling and delivering financial reports. With SBR, data in business records are recorded once and in a standard manner. Starting from financial years on or after 1 January 2017, medium-sized companies are required to submit financial statements to the Chamber of Commerce via SBR.
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