Country by Country Reporting (CBCR)
What is it
CBCR is the Base Erosion and Profit Shifting (BEPS) Action Plan issued by the OECD and G20 countries. It is designed to enhance transparency for tax administrations to assess high-level transfer pricing and other BEPS related risks.
Who does this affect
CBCR applies to multinationals with combined revenue of 750 million euros or more.
What is the deadline for filing?
The filing of CBCR is 12 months after the financial year end.
How we can help
We can convert your group and/or a subgroup excel sheets into CBCR compliant and validated xml reports ready for submission to the relevant authorities.
Also, we are able to supply you with templates created from the xml schema. These smart templates have the benefit of automatic calculations which reduce the number of manual inputs you need to do as well as reducing human error from manual calculations.
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