Country by Country Report (CbC report)
It was established the incorporation of this Report also under the Transfer Pricing Guidelines of the OECD (Organization for Economic Cooperation and Development) through Action 13 of the BEPS (Base Erosion and Profit Shifting), which through the tax administrations requires aggregating tax information at the level of each jurisdiction concerning the worldwide distribution of profits and taxes paid, as well as certain indicators of the location of economic activities in the tax jurisdictions in which the multinational group operates.
The CbC Report requires the disclosure of all entities within the group, as well as the nature of the main economic activities carried out by each of them.
Our experience in preparing CbC reports has led us to structure an application that enables us to upload the information directly to the XML file of the tax administration of each country in a dynamic and adapted way to the tax authorities’ requirements.
We provide support for the CbC Report filing, which will be for globally assessing the Transfer Pricing risks.
| CbC report Content | |
|---|---|
| Financial data of the multinational group by tax jurisdiction: Income, results, before income tax, declared capital, among others. | Main economic activities of the entities comprising the multinational group. |