Preliminary conclusion on the e-balance sheet

A ruling by the tax authorities shows that the tax offices are not really happy with the e-balance sheet because it often leads to more work than the classic paper balance sheet.

The e-balance sheet has been in place since 2012, and it is even mandatory for companies to transmit their latest annual financial statements to the tax office electronically. A ruling by the North Rhine-Westphalia Regional Finance Office now provides a preliminary summary of the e-balance sheet from the perspective of the tax offices. According to this, the tax officials are not really happy with the e-balance sheet and regularly have more work with an electronic balance sheet than with the old paper balance sheets. The main reason for this is that the e-balances often contain much less information, despite the additional work involved for companies and tax consultants. The statement of accounts and fixed asset movement schedule would often be missing and make queries necessary.