1. XBRL For Tax Compliance
9th International XBRL Conference
Wednesday, May 12, 2004 Special Interest Group Day
XBRL for Preparers – Accountants, Corporates & Small-Medium Enterprises (SMEs)
Eric E Cohen, XBRL Global Technical Leader, PricewaterhouseCoopers

2. Agenda In this session you will learn about:
Steps tax regulators are already taking to beg, ask or demand standardized data and the possible effects on you
How XBRL, and particularly XBRL GL, the Journal Taxonomy, can revolutionize tax planning, preparation and filing
XBRL plans of leading tax regulators around the world.

3. Tax Regulators and Standards
Individual jurisdictions and regulators
Global efforts
OECD
Tax XML
Designs
Tax-specific solutions
Form parallel
Standard Audit File
Standard Tax File

4. XBRL and XBRL GL Revolutionize Tax
Facilitate process improvement
Planning
Preparation
Filing
Assisting all parties
Companies
Software providers
Tax preparers
Regulators

5. Why are Tax Authorities Looking at XBRL?
EFiling, eGovernment and other efforts
Representing current eFiling in friendlier face
Financial statements and information
Same payload useful for many purposes, comparable
Note: different jurisdictions and the “books”
Universal audit trail
From transactions through the business reporting supply chain
Other business information
XBRL: Summarized, aggregated, filtered, (sorted)
XBRL GL: Underlying detail

6. Tax Regulators and XBRL
Australia
Canada
Germany
Netherlands
Japan UK
and others

7. Tax: Thinking Outside the Boxes
TAX FORM
FINANCIAL STATEMENT
TAX INSTRUCTIONS
Operational Data
Corporate Data feeds
direct access or extracts
Paper
Support

8. XBRL GL: One Framework One format
Optimized for business reporting information
Attributes of business reporting information
Needs of business reporting information
Lowering preparation/compliance burden
Smoother collection of data of all kinds
Reduction of things published to reconcile and track
More common adoption by software developers
Web Services

9. XBRL GL Fills the GAPS between GAAPS
BUSINESS
Investors
Aggregators
Regulators
Creditors
Lenders
Tax
Website
Transaction Creation
ERP
G/L Packages
CRM
Orders
A/P
Delivery
Customers
A/R
2-way
Suppliers
One
way
XBRL
BUSINESS REPORTING
Detail to summary
Intra system
XBRL GL
Journal Taxonomy
Detail
Together they take us from transaction XML to the end user of the data. Extends reporting to data capture at the accounting recognition stage. Note – it does more than “accounting” – anything that can be classified and recorded, like performance metrics, can be represented.
Accounting
recognition/
classification
(e-)Business
X12, UN/CEFACT Forum, UBL, HR-XML, ACORD, MISMO, and other XML INITIATIVES

10. XBRL GL and Taxation Tracking tax-specific accounts
Allowing tax specific journal entries
Mapping to tax taxonomy elements
Document details for Tax/VAT
Inventory details
and much more!

11. Demonstrations
The future of tax may be as simple as this …

12. For more information Eric E. Cohen eric.e.cohen@us.pwc.com