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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 The ordinance codifies transfer pricing principles…
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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.…
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Country-by-Country Reporting (CbCR) Regulation in Austria
Austria has implemented Country-by-Country Reporting (CbCR) regulations in line with the OECD’s BEPS Action 13 framework and EU Directive 2016/881. The Austrian Ministry of Finance (BMF) oversees CbCR compliance, ensuring that multinational enterprises (MNEs) with operations in Austria adhere to international tax transparency standards. This guide provides CFOs and tax professionals with an in-depth understanding…
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Tax Administration Act 1953 (Subdivision 815-E)
Subdivision 815-E of the Income Tax Assessment Act 1997 in Australia relates to reporting obligations for significant global entities regarding transfer pricing documentation and country-by-country reporting. Key aspects of Subdivision 815-E include: It applies to significant global entities, which are entities with annual global income of over AUD 1 billion. Country-by-country report Master file Local…
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Country-by-Country Reporting (CbCR) Regulation in Australia
Australia has adopted Country-by-Country Reporting (CbCR) regulations as part of its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework. The Australian Taxation Office (ATO) is responsible for administering CbCR compliance, ensuring that multinational enterprises (MNEs) operating in Australia adhere to international tax transparency requirements. This guide provides CFOs and tax…
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Country-by-Country Reporting (CbCR) Regulation in Aruba: A Comprehensive Guide
Aruba, as a constituent country of the Kingdom of the Netherlands, has implemented Country-by-Country Reporting (CbCR) regulations in alignment with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework. These regulations aim to enhance tax transparency and prevent profit shifting by multinational enterprises (MNEs). The Tax Authorities of Aruba (Departamento di Impuesto –…
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Country-by-Country Reporting (CbCR) Regulation in Argentina
Argentina, as a member of the OECD’s Base Erosion and Profit Shifting (BEPS) framework, has implemented Country-by-Country Reporting (CbCR) regulations to enhance tax transparency and combat profit shifting by multinational enterprises (MNEs). The Argentine Federal Administration of Public Revenue (Administración Federal de Ingresos Públicos – AFIP) oversees compliance with CbCR under BEPS Action 13. This…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
