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Country-by-Country Reporting (CbCR) in Jersey
Jersey has implemented the OECD’s Country-by-Country Reporting (CbCR) framework under BEPS Action 13, reinforcing its commitment to global tax transparency. The reporting obligations apply to multinational enterprise (MNE) groups meeting specific revenue thresholds and involve both notification and filing requirements. This guide provides an overview of Jersey’s CbCR regime, including who must report, how to…
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Tax Administration Act § 8-13 in Norway
Section 8-13 of the Norwegian Tax Administration Act (skatteforvaltningsloven) concerns the obligation to submit a notification for registration regarding value added tax (VAT, merverdiavgift) and special taxes (særavgifter). The provision states: “Den som skal registreres for merverdiavgift eller særavgifter, skal levere melding om dette til skattemyndighetene.”(Those who are required to register for VAT or special taxes…
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Country-by-Country Reporting (CbCR) in Norway
Norway has fully adopted the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 recommendations regarding Country-by-Country Reporting (CbCR). These regulations aim to improve transparency in corporate tax practices and ensure profits are taxed where economic activities take place. This guide outlines the CbCR obligations for multinational enterprise (MNE) groups with operations in Norway, including…
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Corporate Income Tax Act (CITA), Articles 92a–92d in Bulgaria
Articles 92a–92d of the Bulgarian Corporate Income Tax Act (CITA) relate to the procedures and requirements for the annual corporate tax return, declarations, and associated obligations for corporate taxpayers in Bulgaria. While the full text of these specific articles is not directly quoted in the search results, the context and related provisions can be summarized…
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Country-by-Country Reporting (CbCR) in Bulgaria
Bulgaria has implemented the OECD/G20 BEPS Action 13 Country-by-Country Reporting (CbCR) requirements as part of its commitment to international tax transparency. These obligations are embedded in national legislation and apply to multinational enterprise (MNE) groups meeting certain thresholds. This guide outlines the essential aspects of Bulgaria’s CbCR regime, including applicability, compliance steps, deadlines, and penalties.…
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Finnish Tax Administration Guidelines on Country-by-Country Reporting (CbCR)
Scope and Thresholds Reporting Obligations Report Content and Format Deadlines Obligation Deadline CbC Report submission 12 months after the end of the accounting period Notification of reporting entity By the last day of the fiscal year covered by the report Enforcement and Penalties Consistency with OECD Standards Recent Developments Submission Process Summary Table Requirement Details…
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Overview of Finland’s Government Decree on the Country-by-Country Report (464/2017)
Finland’s Government Decree 464/2017 implements the requirements for Country-by-Country (CbC) reporting as part of its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 and the EU Directive 2016/881/EU. The decree mandates large multinational enterprise (MNE) groups to provide detailed annual reports on their global operations, aimed at increasing tax transparency and…
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Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland
The Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland implements the European Union’s directives regarding the mandatory disclosure and exchange of information on tax matters, particularly focusing on cross-border tax arrangements and cooperation between tax authorities. This act is a key component of Finland’s commitment to international tax transparency…
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Country-by-Country Reporting (CbCR) in Finland
Finland has implemented Country-by-Country Reporting (CbCR) requirements in accordance with the OECD/G20 BEPS Action 13 initiative. These obligations are aimed at promoting tax transparency and ensuring profits are taxed where economic activities occur. This guide provides a detailed overview for multinational enterprises (MNEs) with operations or headquarters in Finland. Regulatory Framework CbCR Filing Requirements Penalties…
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Order HFP/1978/2016 (Spain)
The Order HFP/1978/2016, dated December 28, establishes Form 231 for the Country-by-Country Reporting (CbCR) in compliance with the recommendations of the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan. This form is designed to assess risks related to transfer pricing policies within multinational groups, but it does not allow direct adjustments by the tax authorities. Key Points:…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 