Share with your friends

OECD: Guidance for tax administrations, MNE groups on country-by-country reporting

OECD: Guidance for tax administrations, MNE groups

The Organisation for Economic Cooperation and Development (OECD) today announced guidance for use by tax administrations and multinational enterprise (MNE) groups with regard to country-by-country (CbC) reporting pursuant to base erosion and profit shifting (BEPS) Action 13.


Related content

As noted in the OECD release, the additional interpretative guidance are intended to provide greater certainty to tax administrations and MNE groups on the implementation and operation of CbC reporting (BEPS Action 13). The new guidance clarifies that, under the BEPS Action 13 minimum standard, the automatic exchange of CbC reports filed under local filing rules is not intended.

Today’s announcement states that the complete set of guidance concerning the interpretation and operation of BEPS Action 13 issued to date is included in the document released today, and it will continue to be updated with any future guidance.

Also, a summary of CbC reporting notification requirements in Inclusive Framework member jurisdictions has been provided by the OECD. The release of this summary is intended to help MNE groups comply with notification requirements in the different jurisdictions where they have constituent entities.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal