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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 Applicability: The regulations apply to MNE groups with consolidated group revenue of at least EUR 750 million and where…
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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 Issued on December 15, 2017, this decree modifies and substitutes several provisions of the existing tax regulatory framework, specifically related to transfer…
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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: Obligation to Prepare Documentation: Taxpayers subject to income and complementary tax must prepare and submit transfer pricing documentation if they meet certain thresholds regarding their…
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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…
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Country-by-Country Reporting (CbCR) in Gibraltar
Gibraltar has adopted the OECD’s BEPS Action 13 requirements, including Country-by-Country Reporting (CbCR), as part of its commitment to global tax transparency and international cooperation. The regime is applicable to multinational enterprise (MNE) groups operating in or through Gibraltar, subject to certain thresholds and conditions. This guide outlines the key regulatory aspects, filing procedures, deadlines,…
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Article 41 G of the Chilean Income Tax Law
Article 41 G of the Chilean Income Tax Law establishes the CFC (Controlled Foreign Corporation) rules in Chile. These rules require Chilean taxpayers-whether individuals or entities domiciled, resident, or incorporated in Chile-who directly or indirectly control foreign entities, to recognize certain types of income earned by those foreign entities as if they had accrued or…
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Country-by-Country Reporting (CbCR) in Chile
Chile has aligned its tax transparency rules with the OECD’s BEPS Action 13 recommendations by implementing Country-by-Country Reporting (CbCR). These requirements are designed to provide tax authorities with a comprehensive view of the global operations and profit allocation of multinational enterprise (MNE) groups. This guide outlines the CbCR obligations in Chile, including eligibility thresholds, filing…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
