Category: CbC
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Country-by-Country Reporting (CbCR) in Montserrat
As of the latest available information, Montserrat has not introduced formal legislation requiring Country-by-Country Reporting (CbCR) in accordance with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. However, multinational enterprise (MNE) groups with operations in Montserrat may still be impacted indirectly through CbCR obligations in other jurisdictions. This guide provides an overview of…
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Country-by-Country Reporting (CbCR) in Mexico
Mexico has been a proactive adopter of the OECD’s Base Erosion and Profit Shifting (BEPS) framework, including the implementation of Country-by-Country Reporting (CbCR) as part of Action 13. Since 2016, multinational enterprise (MNE) groups operating in Mexico have been required to comply with specific transfer pricing documentation obligations, including CbCR, to improve tax transparency and…
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Country-by-Country Reporting (CbCR) in Palestine
Palestine has not formally adopted Country-by-Country Reporting (CbCR) regulations aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 framework. This absence, however, cannot be viewed in isolation from the broader political context: the ongoing Israeli occupation has imposed severe structural limitations on Palestine’s institutional and economic development. The entrenched system of Zionist…
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Country-by-Country Reporting (CbCR) Regulations in Malaysia
Malaysia has adopted Country-by-Country Reporting (CbCR) as part of its commitment to the OECD Base Erosion and Profit Shifting (BEPS) Action 13 initiative. The regulation aims to enhance tax transparency and prevent tax avoidance by multinational enterprises (MNEs). The Inland Revenue Board of Malaysia (IRBM) administers CbCR compliance, requiring certain MNEs to file annual reports…
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Country-by-Country Reporting (CbCR) Regulations in Papua New Guinea
Papua New Guinea has implemented Country-by-Country Reporting (CbCR) in line with the OECD BEPS Action 13 framework. The Internal Revenue Commission (IRC) oversees compliance with these regulations, aimed at enhancing tax transparency and preventing base erosion and profit shifting (BEPS) by multinational enterprises (MNEs). This guide provides chief financial officers and tax professionals with a…
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Country-by-Country Reporting (CbCR) Regulation in Turkey
Turkey has implemented Country-by-Country Reporting (CbCR) in accordance with OECD BEPS Action 13 and Transfer Pricing Guidelines, with the Turkish Revenue Administration (Gelir İdaresi Başkanlığı – GİB) responsible for oversight. The CbCR framework aims to enhance tax transparency, prevent profit shifting, and ensure compliance with international tax regulations. This guide provides CFOs and tax professionals…
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Country-by-Country Reporting (CbCR) Regulation in Luxembourg
Luxembourg has implemented Country-by-Country Reporting (CbCR) in line with the OECD Base Erosion and Profit Shifting (BEPS) Action 13 framework and EU Directive 2016/881. The Luxembourg Tax Authority (Administration des Contributions Directes – ACD) oversees the enforcement of CbCR regulations. These rules aim to enhance tax transparency, prevent profit shifting, and comply with international tax…
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Country-by-Country Reporting (CbCR) Regulation in Panama
Panama has introduced Country-by-Country Reporting (CbCR) regulations in line with the OECD BEPS Action 13 framework. The Panamanian Tax Authority (Dirección General de Ingresos – DGI) is responsible for overseeing CbCR compliance. These regulations aim to increase transparency in international taxation, particularly for multinational enterprises (MNEs), and ensure Panama’s adherence to international standards of tax…
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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…
