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Updates to Italian GAAP Taxonomy

Posted on January 13, 2017 by Dave Nitchman

Arezzo, Italy  - January 9, 2016: Antica Bottega Toscana, one of the oldest shops of the city of Arezzo where are sold the most typical alimentary products of Tuscany.

Following publication in the Official Gazette of the Italian Republic, updates made at the end of 2016 to the taxonomy for limited liability companies filing with the Italian InfoCamere (Chambers of Commerce) are in effect for all financial statements ending 31 December 2016 or later. Changes include the introduction of elements for filing by certain micro-enterprises, and cash flow statements now being included on their own and no longer as part of the explanatory notes table. The taxonomy and additional information may be found on the XBRL Italy website.

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