OECD BEPS Action 13 Updated Guidance on Country-by-Country ReportingBy Robert Robillard - 18 July 2017
On July 18, the OECD issued updated guidance on country-by-country reporting which is related to BEPS action #13.
The OECD explains:
“The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13).
The additional guidance addresses two specific issues: how to treat an entity owned and/or operated by two or more unrelated MNE Groups, and whether aggregated data or consolidated data for each jurisdiction is to be reported in Table 1 of the CbC report.
The complete set of guidance related to CbC reporting issued so far is presented in the document released today. This will continue to be updated with any further guidance that may be agreed.”
This updated guidance on country-by-country reporting is available here.
It is also available in French here.
The updated guidance on country-by-country reporting has been added to the complete library on BEPS and Transfer Pricing which is available here.
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