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Country-by-Country Reporting (CbCR) in Israel
Israel has fully implemented the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 recommendations, including Country-by-Country Reporting (CbCR). As a member of the OECD and participant in the Inclusive Framework, Israel has aligned its domestic tax laws with international standards to enhance tax transparency and counter tax avoidance by multinational groups. This guide provides…
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Transfer Pricing Bylaws issued in February 2019 in Saudi Arabia
On 15 February 2019, Saudi Arabia’s General Authority of Zakat and Tax (GAZT, now ZATCA) issued the final Transfer Pricing (TP) Bylaws, marking a significant development in the country’s tax and compliance landscape. These Bylaws were published after a public consultation on a draft version released in December 2018 and were accompanied by a detailed FAQ…
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Country-by-Country Reporting (CbCR) in Saudi Arabia
Saudi Arabia, as a member of the OECD/G20 Inclusive Framework on BEPS, has adopted the requirements under Action 13, including Country-by-Country Reporting (CbCR). The Kingdom introduced its domestic CbCR rules in 2018 and has developed a clear framework for multinational groups to ensure compliance with international tax transparency standards. This guide outlines the key regulatory…
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Country-by-Country Reporting (CbCR) in Mauritania
Mauritania, as a member of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), has committed to implementing the minimum standards under Action 13, which includes the Country-by-Country Reporting (CbCR) framework. However, the development and enforcement of detailed local rules for CbCR remain in early stages. This guide provides a summary of the…
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Business Tax (Country-by-Country Reporting) Regulations, 2021 in Seychelles
Seychelles has implemented Country-by-Country (CbC) Reporting regulations in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework, which aims to enhance tax transparency among large multinational enterprises (MNEs). Key Features of the Regulations Legislative Updates in 2021 While the main CbC reporting obligations were introduced in 2019, the Business Tax (Amendment…
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Country-by-Country Reporting (CbCR) in Seychelles
As a member of the OECD/G20 Inclusive Framework on BEPS, Seychelles has committed to implementing the minimum standards, including the requirements set out under Action 13 for Country-by-Country Reporting (CbCR). These regulations are intended to increase tax transparency and assist tax authorities in risk assessment and base erosion prevention. This article outlines the key obligations,…
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DIAN Resolution No. 000071 of 2019 in Colombia
DIAN Resolution No. 000071 of 2019 in Colombia prescribes the format for the Fiscal Reconciliation Report (Reporte de Conciliación Fiscal) as required by numeral 2 of article 1.7.1 of Decree 1625 of October 11, 2016. This resolution applies to the tax period 2020 and modifies article 1 of Resolution 000052 of October 30, 2018, which…
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Decree 2120 and 2150 of 2017 in Colombia
Decree 2120 of 2017 and Decree 2150 of 2017 are important regulatory instruments issued by the Colombian Ministry of Finance that address different aspects of the country’s tax system. Decree 2120 of 2017 Decree 2150 of 2017 Country by Country Reporting Decree 2120 of 2017 in Colombia directly relates to the country-by-country (CbC) reporting requirements…
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Article 260-5 of the Colombian Tax Code
Article 260-5 of the Colombian Tax Code establishes the requirements for transfer pricing documentation for taxpayers engaged in transactions with related parties. The key points of Article 260-5 are as follows: Country by Country Reporting Article 260-5 of the Colombian Tax Code is directly related to the country-by-country reporting (CbCR) requirements as part of Colombia’s…
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Country-by-Country Reporting (CbCR) in Colombia
Colombia has implemented the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 recommendations through its domestic legislation, including Country-by-Country Reporting (CbCR). The Colombian Tax Authority (DIAN) oversees these obligations to enhance tax transparency and combat tax avoidance by multinational enterprise (MNE) groups. This guide provides a comprehensive overview of CbCR requirements in Colombia for…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 