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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.

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Full text of Tax Alert 2017-0613

 

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