Category: CbC
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How CbC reporting is presented in Denmark
Denmark has implemented Country-by-Country (CbC) Reporting as part of its compliance with the Base Erosion and Profit Shifting (BEPS) Action Plan 13, which was developed by the Organisation for Economic Co-operation and Development (OECD). Multinational Enterprises (MNEs) with a consolidated group revenue of at least EUR 750 million in the previous fiscal year are required…
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How CbC reporting is presented in Cayman Islands
The Cayman Islands, a British Overseas Territory in the Caribbean, has implemented Country-by-Country (CbC) Reporting through the Tax Information Authority (International Tax Co-operation) (Country-by-Country Reporting) Regulations, 2017. MNEs with a consolidated group revenue of at least USD 850 million in the previous fiscal year are required to file a CbC report. The report should be…
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How CbC reporting is presented in Bahamas
The Bahamas, an archipelagic state in the Caribbean, has implemented Country-by-Country (CbC) Reporting through the Commercial Entities (Substance Requirements) Regulations, 2018. MNEs with a consolidated group revenue of at least USD 850 million in the previous fiscal year are required to file a CbC report. The report should be in XML format and should contain…
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How CbC reporting is presented in Anguilla
Anguilla, a British Overseas Territory in the Caribbean, has implemented CbC Reporting through the International Tax Authority (ITA) under the International Tax Authority (Country by Country Reporting) Regulations, 2018. The ITA requires MNEs with a consolidated group revenue of at least USD 850 million in the previous fiscal year to file a CbC report. The…
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How CbC reporting is presented in Seychelles
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Seychelles, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SCR 250 million (approximately…
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How CbC reporting is presented in South Africa
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In South Africa, the CbC reporting requirement was introduced in 2017 and is applicable to multinational companies with consolidated group revenue of more than ZAR 10 billion…
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How CbC reporting is presented in Saudi Arabia
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Saudi Arabia, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SAR 3.2 billion…
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How CbC reporting is presented in Canada
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Canada, the CbC reporting requirement was introduced in 2016 and is applicable to multinational companies with consolidated group revenue of more than CAD 1 billion (approximately…
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How CbC reporting is presented in Russia
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Russia, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than 50 billion rubles (approximately…
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How CbC reporting is presented in Singapore
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Singapore, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SGD 1.125 billion (approximately…
CbC Reporting 