On July 18, 2017 the OECD released an update of its Guidance on the Implementation of Country-by-Country Reporting.
The additional guidance addresses two specific issues:
· How to treat an entity owned and/or operated by two or more unrelated MNE Groups (a new paragraph 5 is added to chapter III); and
· Whether aggregated data or consolidated data for each jurisdiction is to be reported in Table 1 of the CbC report (a new paragraph 3 is added to chapter II).
Copyright – internationaltaxplaza.info