Italy InfoCamere XBRL Mandate

Since 2014, Italian registered companies have been using the InfoCamere portal to submit annual financial reports in the digital XBRL format to the Chambers of Commerce.

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Format for Digital Reporting

XBRL Taxonomy (Italian GAAP)

Registered Businesses

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Italy InfoCamere XBRL Mandate - A Closer Look

All registered companies in Italy are required to submit annual financial reports in XBRL format to the Italian Chambers of Commerce through the InfoCamere portal. The companies are required to use XBRL elements from the Italian GAAP taxonomy to tag their financial data and convert it into the digital format.

To comply with the Chamber of Commerce XBRL mandate, Italian companies need to tag the numbers in their financial statements and block-tag the notes to accounts.

The Italian GAAP taxonomy supports a fixed set of financial disclosures. Companies may leave untagged any information for which there is no available taxonomy element.

The InfoCamere XBRL filing process is much smoother than if the filings were in a non-digital format. That is because XBRL facilitates process automation.

An XBRL report is a machine-readable document that is easier to access as well as analyze and compare for more effective investment/business decision-making.

Data in the XBRL format is of high quality because the digital format allows filers to validate the information being reported to ensure there are no errors or inconsistencies.

InfoCamere filers have a host of intuitive software solutions to choose from. Moreover, the same tools can be used for European Single Electronic Format (ESEF) compliance.

Diverse & Happy Clientele: IRIS CARBON® has been the preferred XBRL reporting solution for leading companies around the world. We serve companies of all sizes across industry sectors.
Comprehensive Experience: Our team of more than 350 XBRL experts has over 17 years of experience in XBRL-based compliance, having facilitated 5+ million regulatory filings across geographies.
Unparalleled Quality: We consistently rank #1 for XBRL quality in independent third-party assessments. This signifies our dedication to delivering the best compliance experience to our clients.
Robust Data Security: IRIS CARBON®’s SOC 2, ISAE 3000 & 3402 certifications underline our commitment to data security and internal systems integrity. We keep your unpublished financial data safe.

We take pride in calling ourselves XBRL evangelists because of our contribution towards developing the format. We’ve worked in XBRL-based reporting for over 17 years now, having collaborated with 30+ regulators and helping some of them develop XBRL taxonomies.

Apart from InfoCamere XBRL reporting, we facilitate ESEF reporting in the EU, UKSEF and HMRC iXBRL filings in the UK, iXBRL filings with the US SEC, XBRL filings with the US energy regulator FERC, and iXBRL filings with South Africa’s CIPC.