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Income Tax (Transfer Pricing) Rules, 2006 in Kenya
The Income Tax (Transfer Pricing) Rules, 2006 in Kenya were introduced to provide guidelines for related enterprises in determining arm’s length prices for goods and services in transactions between them. These rules were enacted following a landmark case involving the Commissioner of Income Tax and Unilever Kenya Limited, which highlighted the need for clear transfer pricing…
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Country-by-Country Reporting (CbCR) Regulation in Kenya
Kenya is a participant in the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan, which includes implementing Country-by-Country Reporting (CbCR). The Kenya Revenue Authority (KRA) oversees these requirements to promote tax transparency and curb profit shifting by multinational enterprises (MNEs). This guide is designed to help CFOs and tax professionals of MNEs operating in…
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Act on the Rules of Taxation (Act CL of 2017) – Hungary
The Act on the Rules of Taxation (Act CL of 2017) is a significant piece of legislation in Hungary that came into effect in 2018, introducing several changes to the country’s tax administration system. This act, along with the Act on Tax Administration Procedure (Act CLI of 2017), was part of a broader effort to…
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Country-by-Country Reporting (CbCR) Regulation in Hungary
Hungary has implemented Country-by-Country Reporting (CbCR) as part of its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 initiative. The Hungarian Tax Authority (Nemzeti Adó- és Vámhivatal, NAV) administers these requirements, ensuring multinational enterprises (MNEs) comply with global transparency standards. This guide is tailored for CFOs and tax professionals operating in…
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Country-by-Country Reporting (CbCR) Regulation in Gabon
Gabon has implemented Country-by-Country Reporting (CbCR) requirements in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 initiative. These regulations are overseen by Gabon’s General Directorate of Taxes (Direction Générale des Impôts, DGI), with the objective of promoting transparency in tax reporting by multinational enterprises (MNEs). This guide provides detailed information for…
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Country-by-Country Reporting (CbCR) Regulation in the Faroe Islands
The Faroe Islands, an autonomous territory within the Kingdom of Denmark, have adopted Country-by-Country Reporting (CbCR) regulations in alignment with OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. The Faroese Tax Authority (Taks) is responsible for overseeing compliance with these requirements. This guide provides CFOs and tax directors of multinational enterprises (MNEs) operating in…
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Section 3B of the Danish Tax Control Act
Section 3B of the Danish Tax Control Act (skattekontrolloven) is a key provision governing transfer pricing documentation and reporting requirements for Danish taxpayers engaging in controlled transactions. The main aspects of this section include: It’s important to note that as of January 1, 2019, the content of Section 3B has been replaced by sections 37 to…
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Country-by-Country Reporting (CbCR) Regulation in Denmark
Denmark has fully implemented the Country-by-Country Reporting (CbCR) requirements as part of its alignment with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework. The Danish Tax Authority (Skattestyrelsen) oversees compliance, ensuring multinational enterprise (MNE) groups operating in Denmark adhere to these obligations. This article provides key details for Chief Financial Officers and…
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Law No. 2018/011 of 11 July 2018 (Cameroon)
The correct title of the law is “Law No. 2018/011 of 11 July 2018 to lay down the Cameroon Code of Transparency and Good Governance in public finance management”. This law establishes the framework for transparency and good governance in the management of public finances in Cameroon. Key points of Law No. 2018/011 include: Country by…
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Country-by-Country Reporting (CbCR) Regulation in Cameroon
Cameroon has adopted Country-by-Country Reporting (CbCR) regulations as part of its efforts to enhance tax transparency and align with global standards established under the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. The Cameroonian Tax Administration oversees the implementation and compliance of these regulations. This guide provides essential information for Chief Financial Officers and…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
CbC Reporting 