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OECD: Comments concerning 2020 review of country-by-country reporting

OECD: Comments concerning 2020 review of CbC reporting

The Organisation for Economic Cooperation and Development (OECD) today released comments received in response to a consultation document on the 2020 review of country-by-country (CbC) reporting as part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) project. The OECD also announced that a planned public consultation meeting has been cancelled in response to the “evolving situation” with the coronavirus (COVID-19).


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Action 13 of the BEPS project established a three-tiered standardised approach to transfer pricing documentation, including a CbC report that provides details of a multinational entity (MNE) group’s revenues, profit before tax, tax accrued, and other information relevant to a high-level risk assessment, for each tax jurisdiction in which the MNE group has a constituent entity. CbC reporting is one of four BEPS minimum standards which all members of the Inclusive Framework are committed to implementing. The BEPS Action 13 report included a requirement that a review of the CbC reporting ‎minimum standard be completed by the end of 2020.

Read today’s OECD release that includes comments received in response to the consultation document.

Read KPMG’s comments [PDF 227 KB] submitted in response to the CbC reporting review consultation document.

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