ESMA announces new ESEF Taxonomy 2020
Shortly before the end of the year, the European Securities and Markets Authority (ESMA) published the new ESEF taxonomy. The taxonomy is used for the publication of IFRS annual reports in iXBRL and XHTML format, which is mandatory as of 01 January 2020.
The new taxonomy can be used immediately in the generic and certified AMANA XBRL Tagger.
More information on AMANA's XBRL Tagger as well as webinars with live demonstrations can be found on amana-esef.de.
The new version is based on the IFRS taxonomy, which is updated annually. ESMA's aim is to facilitate implementation by presenting XBRL taxonomy files and Conformance Suite test files that represent the updates. The new rules are binding for financial years starting in 2021 for listed companies.