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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:…
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Article 13.1 of the Corporate Income Tax Regulations (Spain)
Article 13.1 of the Corporate Income Tax Regulations (Reglamento del Impuesto sobre Sociedades, RIS), approved by Royal Decree 634/2015, regulates information and documentation on related entities and transactions. This article establishes that entities resident in Spain that qualify as the parent of a group, as defined in Article 18.2 of the Corporate Income Tax Law (LIS),…
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Country by Country Regulatory Framework in Spain
Country by Country (CbC) reporting is a tax transparency requirement for large multinational groups, which must disclose financial and tax information broken down by jurisdiction. In Spain, the regulatory framework has been adapted to both OECD guidelines (BEPS Action 13) and European regulations, with some specific national features. 1. Reporting Obligation: Form 231 2. Transposition of…
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Country-by-Country Reporting (CbCR) in Spain
Spain has incorporated Country-by-Country Reporting (CbCR) requirements into its domestic tax legislation, in line with OECD/G20 BEPS Action 13. These rules aim to enhance transparency for tax administrations and ensure that profits are taxed where economic activities take place. This guide outlines the main aspects of CbCR regulation in Spain, including who is subject to…
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Country-by-Country Reporting (CbCR) in Brazil
Brazil has adopted Country-by-Country Reporting (CbCR) as part of its commitment to the OECD/G20 Base Erosion and Profit Shifting (BEPS) Action 13 framework. The requirements apply to certain multinational enterprise (MNE) groups operating in Brazil and are governed by specific Brazilian tax regulations. This guide outlines Brazil’s CbCR obligations, including the regulatory framework, filing procedures,…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 