Tag: Germany
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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
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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…
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CbC Report process in Germany
Fiscal Code (AO) 138a Country-specific report of multinational company groups. (1) A company with its registered office or management in Germany (domestic company) that prepares consolidated financial statements or has to prepare them according to regulations other than tax laws (domestic group parent company) has to prepare a country-specific report of this group after the end…
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How CbC reporting is presented in Germany
Country-by-country reporting (CbC) 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 Germany, the CbC reporting requirement was introduced through the EU Directive 2016/881 and is applicable to multinational companies with consolidated group revenue of more than €750…
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Germany FAQs for CbC Reporting
What is the deadline for the data have to be reported to Bundeszentralamt für Steuern. Reports have to be submitted no later than one year after the end of the fiscal year for which the country-by-country report is being generated, starting with fiscal years that begin after 31 December 2015. Exception: Incomplete reports pursuant to Section…
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Country by country Report in Germany
Country-by-country reporting (CbCR) aims to provide tax authorities with additional information on cross-border corporate structures. Generating country-based reports for multinational enterprises and automatic exchange of their information is meant to better allow tax authorities to review them. Country-by-country reporting (CbCR) aims to provide tax authorities with additional information on cross-border corporate structures. Generating country-based reports…
CbC Reporting 