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).
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