The German law introduced in 2008 to reduce the administrative burden of taxation mandates a procedure for submitting financial statements in digital form in place of paper-based documents.
Companies whose fiscal year commences after December 31, 2010 must submit balance sheets, profit and loss statements and where necessary, tax reconciliations electronically, using a standardized format.
iowell offers a workshop on the electronic submission of financial statements in accordance with this new legislation with SAP®. The workshop will address the following issues:
- How is tax-related data best handled within an SAP® system?
- How do balance sheets and statements have to be structured for electronic submission?
- What tool is used to submit the statements?