Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

April 10, 2017
2017-0613

OECD updates its guidance on Country-by-Country Reporting

On April 6, 2017, the Organization for Economic Co-operation and Development (OECD) released an updated version of its Guidance on the Implementation of Country-by-Country Reporting (the Guidance). The content of the Guidance has been rearranged into topics and five new questions have been added. The Guidance is divided into four areas addressing issues relating to: (i) the definition of items reported in the template for the Country-by-Country (CbC) report; (ii) the entities to be reported in the CbC report; (iii) the filing obligation for the CbC report; and (iv) the sharing mechanism for the CbC report (i.e., exchange of Information, surrogate filing and local filing).

A Tax Alert, prepared by Ernst & Young Netherlands, attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2017-0613

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more