Friday, 07 April 2017

OECD releases additional guidance on Country-by-Country reporting (BEPS Action 13)

On April 6th, the Organization for Economic Cooperation and Development (OECD) launched additional guidance for tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13).

The intention of the additional guidance is to clarify several interpretation issues related to the data to be included in the CbC report, as well as to the application of the model legislation contained in the Action 13 report to assist jurisdictions with the introduction of consistent domestic rules. In order to do so, five specific issues are addressed:

  • The definition of revenues;

  • The definition of related party;

  • The accounting principles/standards for determining the existence of and membership in a group;

  • The definition of total consolidated group revenue; and

  • The treatment of major shareholding.

For further details or questions, please contact: