Category: CbC
-
Country-by-Country Reporting (CbCR) Regulation in Haiti
Currently, Haiti does not have formal Country-by-Country Reporting requirements for multinational enterprises. However, MNEs with operations in Haiti should continue to monitor potential changes to the country’s tax legislation and ensure compliance with existing tax regulations. It is crucial for MNEs to stay informed about any updates that may introduce CbCR obligations in the future,…
-
Country-by-Country Reporting (CbCR) Regulation in Guernsey
Ad Guernsey, as an international financial centre, has committed to international tax transparency and aligned its tax laws with the OECD’s Base Erosion and Profit Shifting (BEPS) framework, specifically Action 13 on Country-by-Country Reporting (CbCR). This guide is designed for Chief Financial Officers (CFOs) and financial executives of multinational enterprises (MNEs) in Guernsey to understand…
-
Country-by-Country Reporting (CbCR) Regulation in the Czech Republic
The Czech Republic, as a member of the European Union and a participant in the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, has implemented the Country-by-Country Reporting (CbCR) obligations under BEPS Action 13. These regulations are designed to provide tax authorities with a comprehensive view of the global allocation of income, taxes, and business…
-
Country-by-Country Reporting (CbCR) Regulation in Cyprus
Cyprus, as a member of the European Union and a jurisdiction committed to international tax transparency, has adopted the OECD’s Base Erosion and Profit Shifting (BEPS) framework, including Action 13 on Country-by-Country Reporting (CbCR). This guide provides a comprehensive overview for Chief Financial Officers (CFOs) and financial executives operating in Cyprus regarding CbCR obligations. It…
-
Country-by-Country Reporting (CbCR) Regulation in Curaçao
Curaçao, as a growing international financial centre, has aligned its tax policies with international transparency standards, including the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 on Country-by-Country Reporting (CbCR). This article provides Chief Financial Officers (CFOs) and financial executives operating in Curaçao with a clear understanding of the CbCR requirements, including applicability, reporting…
-
Global minimum corporate income tax
In December 2021, the Organisation for Economic Co-operation and Development (OECD) published the document Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two) (hereinafter: OECD Model Rules). The OECD Model Rules are contained in Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for…
-
Country-by-Country Reporting (CbCR) Regulation in Croatia
Croatia, as an EU member state and a signatory to the OECD’s Base Erosion and Profit Shifting (BEPS) framework, has adopted the Country-by-Country Reporting (CbCR) requirements under BEPS Action 13. These rules are designed to enhance transparency and provide tax authorities with comprehensive information about the operations of multinational enterprises (MNEs). This article offers Chief…
-
Country-by-Country Reporting (CbCR) Regulation in the British Virgin Islands
The British Virgin Islands (BVI), a well-known offshore financial centre, has taken steps to align with international tax transparency standards, including the OECD’s Base Erosion and Profit Shifting (BEPS) initiative. Although the BVI is not an OECD member, it has adopted measures related to BEPS Action 13 on Country-by-Country Reporting (CbCR). This guide provides Chief…
-
Country-by-Country Reporting (CbCR) Regulation in Bermuda
Bermuda, as a significant offshore financial centre, plays a critical role in international tax compliance for multinational enterprises (MNEs). While not a member of the OECD, Bermuda has committed to the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, including Action 13 on Country-by-Country Reporting (CbCR). This guide provides Chief Financial Officers (CFOs) and financial…
-
Country-by-Country Reporting (CbCR) Regulation in Belize
Country-by-Country Reporting (CbCR) is an important aspect of international tax compliance for multinational enterprises (MNEs). While Belize is a small jurisdiction, it has committed to aligning with international tax standards, including the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a detailed understanding…
CbC Reporting 