Tag: Finland
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Finnish Tax Administration Guidelines on Country-by-Country Reporting (CbCR)
Scope and Thresholds Reporting Obligations Report Content and Format Deadlines Obligation Deadline CbC Report submission 12 months after the end of the accounting period Notification of reporting entity By the last day of the fiscal year covered by the report Enforcement and Penalties Consistency with OECD Standards Recent Developments Submission Process Summary Table Requirement Details…
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Overview of Finland’s Government Decree on the Country-by-Country Report (464/2017)
Finland’s Government Decree 464/2017 implements the requirements for Country-by-Country (CbC) reporting as part of its commitment to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13 and the EU Directive 2016/881/EU. The decree mandates large multinational enterprise (MNE) groups to provide detailed annual reports on their global operations, aimed at increasing tax transparency and…
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Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland
The Act on the Disclosure and Exchange of Information on Tax Matters (448/2017) in Finland implements the European Union’s directives regarding the mandatory disclosure and exchange of information on tax matters, particularly focusing on cross-border tax arrangements and cooperation between tax authorities. This act is a key component of Finland’s commitment to international tax transparency…
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Country-by-Country Reporting (CbCR) in Finland
Finland has implemented Country-by-Country Reporting (CbCR) requirements in accordance with the OECD/G20 BEPS Action 13 initiative. These obligations are aimed at promoting tax transparency and ensuring profits are taxed where economic activities occur. This guide provides a detailed overview for multinational enterprises (MNEs) with operations or headquarters in Finland. Regulatory Framework CbCR Filing Requirements Penalties…
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How CbC reporting is presented in Finland
Finland is a Nordic country located in Northern Europe. As part of its efforts to promote tax transparency and combat tax avoidance by multinational corporations (MNCs), Finland has implemented the Country-by-Country (CbC) reporting requirements. CbC reporting is a key element of the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS)…
CbC Reporting 