Category: CbC
-
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…
-
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
-
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…
-
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…
-
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…
-
Country-by-Country Reporting (CbCR) Regulation in France: A Comprehensive Guide
Country-by-Country Reporting (CbCR) is a pivotal element of international tax compliance for multinational enterprises (MNEs). In France, the Direction Générale des Finances Publiques (DGFiP) has established 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…
-
Rule 10DB for CbCR (India)
The Income-tax Rules, 1962, specifically Rule 10DB, in India, provides the requirements and procedures for filing the Country-by-Country Report (CbCR). Here are the key points: These rules are in line with the OECD Action Plan 13 recommendations and aim to enhance transparency and cooperation among countries in the fight against base erosion and profit shifting…
-
Country-by-Country Reporting (CbCR) Regulation in India: A Comprehensive Guide
Country-by-Country Reporting (CbCR) is an essential aspect of international tax compliance for multinational enterprises (MNEs). In India, the Central Board of Direct Taxes (CBDT) 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…
-
Compliance with Country-by-Country Reporting in the United Kingdom
Country-by-Country Reporting (CbCR) is a key element of international tax transparency and compliance for multinational enterprises (MNEs). In the United Kingdom, HM Revenue & Customs (HMRC) has established detailed guidelines for CbCR, in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives…
-
IRAS e-Tax GuideCountry-by-Country Reporting
Ad. 1 Aim1.1 This e-Tax Guide provides taxpayers with guidance on:(a) The purpose of CbCR;(b) The obligation to submit a notice that a Reporting Entity is required toprovide a CbC Report (“notification of filing obligation”);(c) The obligation to provide a CbC Report;(d) How to complete a CbC Report; and(e) How to submit a CbC Report…
CbC Reporting 