OECD: Guidance on CbC reporting (BEPS Action 13) | KPMG | GLOBAL
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OECD: Updated guidance on country-by-country reporting (BEPS Action 13)

OECD: Guidance on CbC reporting (BEPS Action 13)

The Organisation for Economic Cooperation and Development (OECD) today announced that the “Inclusive Framework” on base erosion and profit shifting (BEPS) released more guidance for tax administrations and multinational entity (MNE) groups on the implementation of country-by-country (CbC) reporting under BEPS Action 13.


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The additional guidance addresses a number of specific issues, including:

  • How to report amounts taken from financial statements prepared using fair value accounting
  • How to treat a negative figure for accumulated earnings in Table 1
  • How to treat mergers/acquisitions/de-mergers
  • How to treat short accounting periods
  • The definition of total consolidated group revenue

As noted in a related OECD release, the complete set of guidance related to CbC reporting issued to date is included in the document released today. 

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