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Country-by-Country Report
March 23 , 2020
1616 days
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- The Organisation for Economic Cooperation and Development (OECD) has developed an Action Plan called “Base Erosion and Profit Shifting (BEPS) Action Plan 13”.
- This is to ensure that a multinational enterprise would report its profit correctly where it is earned.
- The Base Erosion and Profit Shifting (BEPS) Action 13 report provides a template for multinational enterprises (MNEs) to report annually and for each tax jurisdiction.
- This report is called the Country-by-Country (CbC) Report.
- CBC contains,
- Aggregated country-by-country information relating to the global allocation of income, the taxes paid, and certain other indicators of a multi-national company.
- A list of all the constituent entities of the multi-national company operating in a particular jurisdiction and the nature of the main business activity of each constituent entity.
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