The new Taxonomy 6.0 published

The Federal Ministry of Finance (BMF) published a new version of taxonomy 6.0 on 24 May 2016 (as the officially prescribed data record according to section 5b of the Income Tax Act).

The version upgrade from 5.4 to 6.0 means that some major changes have been made. These include:

  • Incorporation of Accounting Directives Implementation Act (e.g. adjusted profit and loss structure).
  • It is compulsory to transfer fixed-asset movement schedule in E-Bilanz data record.

This taxonomy must be used for financial years beginning after 31.12.2016. Our SmartTaxBalance version 4.0 supports the new taxonomy 6.0. The release is planned for early 2017.

For more information about SmartTaxBalance click here.

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