On September 13, 2018 the OECD released an update of its “Guidance on the Implementation of Country-by-Country Reporting (BEPS Action 13)”. The update is available in the English, French and Spanish.

 

The update topics include a.o.:

·   In Chapter II (Guidance on the Implementation of Country-by-Country Reporting: BEPS Action 13)

o  Treatment of dividends for purposes of “profit (loss) before income tax”, “income tax accrued (current year)” and “income tax paid (on cash basis)” in Table 1

o  The use of shortened amounts in preparing Table 1

·   In Chapter III (Issues relating to the entities to be reported in the CbC report)

o  Treatment of major shareholdings

·   In Chapter VI (Issues relating to Mergers/Acquisitions/Demergers)

o  1.2 Table summarising the interpretation on Mergers/Demergers/Acquisitions

 

Click on the language of your choice to be forwarded to the September 2018 update of the “Guidance on the Implementation of Country-by-Country Reporting (BEPS Action 13)” as available in that language on the website of the OECD (English, French or Spanish).

 

 

Copyright – internationaltaxplaza.info

 

 

Stay informed: Subscribe to International Tax Plaza’s Newsletter! It’s completely FREE OF CHARGE!

 

and

 

Follow International Tax Plaza on Facebook

 

 

 

Submit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TwitterSubmit to LinkedIn
INTERESTING ARTICLES