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Country-by-Country Reporting (CbCR) Regulation in Iceland: smart guide
Country-by-Country Reporting (CbCR) is a crucial aspect of international tax compliance for multinational enterprises (MNEs). In Iceland, the Directorate of Internal Revenue (Ríkisskattstjóri, RSK) has implemented specific guidelines aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a comprehensive understanding of…
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Ordinance on Country-by-Country Reporting (CbCR-Ordinance) in Switzerland
The Ordinance on Country-by-Country Reporting (CbCR-Ordinance) in Switzerland is part of the legal framework implemented to comply with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. The ordinance, known as ACREO, was introduced on 1 December 2017, and it came into effect for the first time for tax years starting from 1 January…
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Country-by-Country Reporting (CbCR) Regulation in Switzerland
Country-by-Country Reporting (CbCR) is a critical component of international tax compliance for multinational enterprises (MNEs). In Switzerland, the Federal Tax Administration (FTA) has implemented specific guidelines aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a comprehensive understanding of the CbCR…
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Federal Law No. 340-FZ of 27 November 2017 (Russia)
The key points regarding Federal Law No. 340-FZ of 27 November 2017 in Russia are: In summary, Federal Law No. 340-FZ introduced new transfer pricing documentation requirements for large multinational enterprises operating in Russia, aligning the country with international standards on tax transparency and information exchange. Federal Law No. 340-FZ of 27 November 2017 in…
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Country-by-Country Reporting (CbCR) Regulation in Russia: A Comprehensive Guide
Country-by-Country Reporting (CbCR) is a vital component of international tax compliance for multinational enterprises (MNEs). In Russia, the Federal Tax Service (FTS) has implemented specific guidelines aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a comprehensive understanding of the CbCR…
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How can I automate the data extraction process for the CbC report
Here are the key steps to automate the data extraction process for the Country-by-Country (CbC) report: Automated Data Extraction Extract Data Directly from ERP Systems Use Optical Character Recognition (OCR) for Scanned Reports Integrate with Existing Systems By automating the data extraction process using these techniques, companies can improve the speed, accuracy, and consistency of…
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Bundeszentralamt für Steuern CbCR Guidance (Germany)
Here is a concise summary of the key details on completing and filing the Country-by-Country (CbC) report in Germany: Completing the CbC Report Filing the CbC Report
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Country-by-Country Reporting (CbCR) Regulation in Germany: A Comprehensive Guide
Country-by-Country Reporting (CbCR) is a fundamental aspect of international tax compliance for multinational enterprises (MNEs). In Germany, the Federal Central Tax Office (Bundeszentralamt für Steuern, BZSt) has implemented specific guidelines in accordance with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a…
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Country by Country declaration in France
Article 223 quinquies C of the General Tax Code (CGI) introduced a country-by-country reporting of economic, accounting, and tax results that must be filed electronically by certain companies to combat tax avoidance and evasion. The introduction of this new reporting requirement (form 2258-SD) is part of the international project to combat the erosion of corporate…
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Official Bulletin of Public Finances – Tax BOI-IS-DECLA-30-20-20-20171004 (France)
The key points regarding the official bulletin BOI-IS-DECLA-30-20-20-20171004 are: The bulletin outlines the fiscal and accounting obligations for businesses subject to corporate income tax (IS) or business and commercial profits (BIC) tax regimes. It covers the specific obligations for businesses under the normal real tax regime, including the requirement to file tax returns and supporting schedules…
