Country by Country Report
Likewise, according to the guidelines of the Transfer Pricing Guidelines of the OECD (Organisation for Economic Cooperation and Development) through Action 13 of the BEPS whose acronym is BASE EROSION AND PROFIT SHIFTING ( base erosion and profit transfer) the incorporation of the Country by Country Report was established, which through the tax administrations requires the addition of tax information at the level of each jurisdiction concerning the global distribution of benefits 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 CbCR requires mentioning all the entities that make up the group, as well as the nature of the main economic activities carried out by each of them.
Our experience in preparing Country by Country Reports has led us to structure an application that allows us to upload the information directly to the XML file of the tax administration of each country in a dynamic way and adapted to the requirements of the tax system.
We provide support for the presentation of the CbCR, which will be useful when assessing the risk of Transfer Pricing on a global basis.
|Country by Country Report Information|
|Financial data of the multinational group by tax jurisdiction: Income, results, before income tax, declared capital, among others.||Main economic activities of the entities belonging to the multinational group.|