XBRL for e-filing in Macedonia Overview There has been a growing need felt on the part of both, the filers of information and the regulators to enhance efficiency and timeliness in the conventional process of business registration and reporting. The process is very cumbersome with either a lot of paper work, electronic files (like Portable Document Format) or migration of data into the regulators’ system. Thus a growing trend towards standardization of data exchange and storage by electronic means has been seen worldwide. Consequently, many XML based standards like SWIFT have evolved. One such standard, eXtensible Business Reporting Language (XBRL) has captured the interest of regulators. XBRL has evolved from XML (extensible mark-up language) which is based on the concept of

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