OECD: Exchanging country-by-country reports | KPMG Global
Share with your friends

OECD: Standardized electronic format for exchanging country-by-country reports

OECD: Exchanging country-by-country reports

The Organisation for Economic Cooperation and Development (OECD) today released a standardized electronic format and a related user guide for the exchange of country-by-country (CbC) reports between jurisdictions.


Related content

As noted in today’s OECD release, the standardized electronic format is intended to allow for the swift and efficient implementation of the base erosion and profit shifting (BEPS) measures. The exchange of CbC reports—to be electronically transmitted between competent authorities—will assist tax administrations in obtaining a complete understanding of the way in which multinational enterprises structure their operations, by annually providing information on the global allocation of income and taxes paid, together with other indicators of the location of economic activity within the taxpayer group. It will also cover information about which entities do business in a particular jurisdiction and the business activities each entity engages in.

The information to be included in the CbC report will be collected by the country of residence of the “reporting entity” for the taxpayer group, and will then be exchanged under the relevant international exchange of information agreement, in the format of the “CbC XML Schema.” 

First exchanges of CbC reports will start in 2018, with information on the year 2016. 

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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


Request for proposal