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OECD: New guidance on country-by-country reporting (BEPS Action 13)

OECD: New guidance on CbC reporting (BEPS Action 13)

The Organisation for Economic Cooperation and Development (OECD) today announced the release of new guidance intended to provide greater certainty to tax administrations and multinational entity (MNE) groups on the implementation and operation of country-by-country (CbC) reporting under Action 13 of the base erosion and profit shifting (BEPS) project.


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As noted in today’s release from the OECD, existing guidance on the implementation of CbC reporting has been updated and now addresses:

  • The definition of revenues
  • The treatment of MNE groups with a short accounting period
  • The treatment of the amount of income tax accrued and income tax paid

The OECD also announced the release of guidance on the appropriate use of the information contained in CbC reports, including guidance on the meaning of "appropriate use," the consequences of non-compliance with the appropriate use condition, and approaches that may be used by tax administrations to determine the appropriate use of CbC reporting information.


Read the OECD guidance [PDF 195 KB] on implementing CbC reporting and the guidance [PDF 148 KB] on appropriate use of CbC reporting information.

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