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Section 25 of the Tax Administration Act, 2011 in South Africa
Section 25 of the Tax Administration Act, 2011, deals with the submission of tax returns in South Africa. In summary, Section 25 ensures that tax returns are complete, accurate, and submitted in the manner required by SARS, holding the signatory responsible for the contents of the return. Country by Country Reporting Section 25 of South Africa’s Tax Administration…
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Country-by-Country Reporting (CbCR) in South Africa
South Africa has implemented the OECD’s BEPS Action 13 recommendations, including the adoption of Country-by-Country Reporting (CbCR) requirements. These obligations form part of the country’s broader strategy to enhance tax transparency and ensure that multinational enterprise (MNE) groups pay taxes where economic activities and value creation occur. This guide provides an overview of South Africa’s…
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Article 11-2 of the Law for Coordination of International Tax Affairs (LCITA) in Korea
Article 11-2 of the Law for Coordination of International Tax Affairs (LCITA) in Korea is a specific provision within the broader framework of the LCITA, which is designed to prevent double taxation and tax avoidance, and to facilitate international cooperation in tax matters. The LCITA is the principal legislative basis for Korea’s transfer pricing, international tax…
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Country-by-Country Reporting (CbCR) in South Korea
South Korea has fully implemented the OECD’s BEPS Action 13 recommendations, including Country-by-Country Reporting (CbCR), through its domestic legislation. The CbCR obligations form a part of the broader transfer pricing documentation requirements and are intended to enhance transparency in the operations of multinational enterprise (MNE) groups. This guide outlines South Korea’s CbCR requirements, including thresholds,…
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Article 134 of the Tax Code of the Republic of Kazakhstan
Article 134 of the Tax Code of the Republic of Kazakhstan regulates the taxation of certain categories of organizations, specifically non-profit organizations and those engaged in activities within the social sphere. It establishes the conditions under which these organizations may be subject to special rules for determining taxable income and the relevant tax reporting requirements.…
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Country-by-Country Reporting (CbCR) in Kazakhstan
Kazakhstan has adopted the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 recommendations by incorporating Country-by-Country Reporting (CbCR) into its domestic tax legislation. This initiative is aimed at increasing tax transparency and ensuring that profits are reported and taxed where economic activities occur. This guide provides key information for multinational enterprise (MNE) groups with…
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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…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 