BEPS: More info on CbC Reporting in Mexico and the Netherlands

By Robert Robillard - 24 septembre 2015

This blogpost originally appeared on rbrt.ca.

Tax-news.com (Mike Godfrey) indicated:

« The 2016 Mexican Economic Package includes a proposal for country-by-country (CbC) reporting of tax information by certain multinational corporations.

The Package, which was submitted to Congress by the Government on September 8, 2015, seeks to bring Mexican transfer pricing documentation rules into line with the Organisation for Economic Co-operation and Development’s recommendations under base erosion and profit shifting (BEPS) Action 13. »

See the complete article at: http://www.tax-news.com/news/Mexico_Legislating_On_CbC_Reporting_Requirement____69174.html#sthash.1TyBO8qd.dpuf

In the Netherlands (Ulrika Lomas, Tax-news.com):

« Through Wetsvoorstel Overige Fiscale Maatregelen 2016, released on September 15, the Netherlands has confirmed the introduction of a new country-by-country (CbC) reporting obligation for multinational corporations.

These regulations provide for the implementation of the recommendations of the Organisation for Economic Co-operation and Development (OECD) on transfer pricing documentation under Action 13 of its base erosion and profit shifting (BEPS) project.

The regulations would require Dutch companies to file a CbC report if the group’s net turnover is EUR750m (USD820m) or more. In some limited circumstances, a subsidiary or permanent establishment of the group will instead be required to prepare the CbC reports. Certain large entities will be required to prepare documentation in line with the OECD’s proposals for a « local file » (referring specifically to material transactions of the local taxpayer) and « master file » (containing standardized information relevant for all MNE group members) under Action 13 of its BEPS Action Plan. »

See the complete article at: http://www.tax-news.com/news/Netherlands_Confirms_CbC_Reporting_From_2016____69182.html#sthash.YH8Abutt.dpuf

Robert Robillard, Ph.D., CPA, CGA, Adm.A., MBA, M.Sc. Econ., M.A.P.
Senior Partner, RBRT Inc.
514-742-8086; robertrobillard « at » rbrt.ca
www.rbrt.ca

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