New Italian legislation requires XBRL filing for subsidised loans

Posted on February 13, 2023 by Editor

Credit consortia in Italy are now able to grant subsidised loans to SMEs in all economic sectors – with the subsidised credit coming with an XBRL filing obligation.

In order to bolster action that can support SMEs, the decree – which took effect on 1 February 2023 – makes zero-interest subsidised loans possible. However, to stay in line with transparency obligations, trusts taking on these loans are required to file a balance sheet tagged in XBRL to the Companies Register.

Read more here.

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