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Country-by-Country Reporting (CbCR) Regulation in Turkey
Turkey has implemented Country-by-Country Reporting (CbCR) in accordance with OECD BEPS Action 13 and Transfer Pricing Guidelines, with the Turkish Revenue Administration (Gelir İdaresi Başkanlığı – GİB) responsible for oversight. The CbCR framework aims to enhance tax transparency, prevent profit shifting, and ensure compliance with international tax regulations. This guide provides CFOs and tax professionals…
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Country-by-Country Reporting (CbCR) Regulation in Luxembourg
Luxembourg has implemented Country-by-Country Reporting (CbCR) in line with the OECD Base Erosion and Profit Shifting (BEPS) Action 13 framework and EU Directive 2016/881. The Luxembourg Tax Authority (Administration des Contributions Directes – ACD) oversees the enforcement of CbCR regulations. These rules aim to enhance tax transparency, prevent profit shifting, and comply with international tax…
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Law No. 52 of 2016 in Panama
Law No. 52 of October 27, 2016, enacted by the Panamanian government, introduced significant changes for legal entities in Panama, effective from January 1, 2017. The law primarily focuses on accounting record obligations and related requirements for offshore companies and other legal entities. Key aspects of this law include: Accounting Requirements Supporting Documentation Registered Agent Responsibilities…
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Country-by-Country Reporting (CbCR) Regulation in Panama
Panama has introduced Country-by-Country Reporting (CbCR) regulations in line with the OECD BEPS Action 13 framework. The Panamanian Tax Authority (Dirección General de Ingresos – DGI) is responsible for overseeing CbCR compliance. These regulations aim to increase transparency in international taxation, particularly for multinational enterprises (MNEs), and ensure Panama’s adherence to international standards of tax…
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Inland Revenue (Amendment) (No. 6) Ordinance 2018 in Hong Kong
The Inland Revenue (Amendment) (No. 6) Ordinance 2018 in Hong Kong was gazetted on July 13, 2018. Its primary purpose was to align Hong Kong’s tax laws with international standards under the Base Erosion and Profit Shifting (BEPS) package developed by the OECD. Below are the key features and objectives of this ordinance: Objectives Key Provisions Compliance Guidance The Inland…
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Country-by-Country Reporting (CbCR) Regulation in Hong Kong
Hong Kong has implemented Country-by-Country Reporting (CbCR) as part of its commitment to the OECD BEPS Action 13 framework, enhancing tax transparency and preventing base erosion and profit shifting. The Inland Revenue Department (IRD) is the competent authority overseeing CbCR compliance in Hong Kong. This guide provides CFOs and tax professionals with a structured overview…
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Country-by-Country Reporting (CbCR) Regulation in Bahrain
Bahrain has introduced Country-by-Country Reporting (CbCR) regulations in alignment with OECD BEPS Action 13 and its commitment to international tax transparency. The Ministry of Industry and Commerce (MOIC) is the regulatory authority overseeing CbCR compliance in Bahrain, ensuring that multinational enterprises (MNEs) meet their reporting obligations. This guide provides CFOs and tax professionals with a…
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Country-by-Country Reporting (CbCR) Regulation in Azerbaijan
Azerbaijan has implemented Country-by-Country Reporting (CbCR) requirements in accordance with OECD’s BEPS Action 13 and its commitment to international tax transparency. The State Tax Service of Azerbaijan (STS) under the Ministry of Economy oversees CbCR compliance, ensuring that multinational enterprises (MNEs) operating in Azerbaijan adhere to global reporting standards. This guide provides CFOs and tax…
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Austrian Transfer Pricing Documentation Act (VPDG)
The Austrian Transfer Pricing Documentation Act (Verrechnungspreisdokumentationsgesetz, VPDG) was enacted on August 2, 2016, and is effective for fiscal years starting from January 1, 2016. This law implements the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan 13 recommendations and establishes mandatory transfer pricing documentation requirements for multinational enterprise (MNE) groups with entities in Austria.…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 