The Danish Financial Supervisory Authority has launched a consultation on the draft 2025 DKFIN taxonomy, setting out the XBRL structure for digital reporting by financial-sector firms. The taxonomy was developed in 2024 and could be used voluntarily for 2024 reporting, but will be mandatory for in-scope firms for the 2025 financial year. The update aims to improve usability by adding practice-related tags and aligning references, labels and titles with current legal provisions. Work has focused on optimising tags for the financial statement elements, reflecting that detailed tagging is not required for large parts of the management report, management endorsement and notes, and includes consequential corrections to tags relating to audit of accounting documents. DKFIN is an embedded part of the Danish Business Authority’s taxonomy under the Annual Accounts Act, which is also in public consultation. Submissions are due by 23 October 2025, and the final DKFIN taxonomy is expected to be published during November 2025.
Danish Finanstilsynet 2025-10-02
Danish Financial Supervisory Authority consults on updated DKFIN XBRL taxonomy ahead of mandatory 2025 financial year reporting
The Danish Financial Supervisory Authority has initiated a consultation on the draft 2025 DKFIN taxonomy, outlining the XBRL structure for digital reporting by financial-sector firms. Developed in 2024, it will be mandatory for in-scope firms for the 2025 financial year, aiming to enhance usability by aligning with current legal provisions and optimizing tags for financial statement elements. DKFIN is part of the Danish Business Authority’s taxonomy under the Annual Accounts Act, also under consultation.