Join us for a short webcast where we will examine the practical considerations when producing Country by Country Reporting (CbCR) for FY24 and FY25 in the context of the BEPS 2.0 Pillar Two Transitional CbCR Safe Harbor (TCSH) and EU Public CbCR requirements.

Date: Tuesday, October 1, 2024

Time: 6:00-6:45 a.m. ET New York; 11:00-11:45 a.m. BST; 12:00-12:45 p.m. CEST

Registration: Register for this event.

CbCR is likely to be under scrutiny from tax authorities due to the introduction of the transitional safe harbour tests set out in the BEPS 2.0 Pillar Two Global Anti-Base Erosion (GloBE) rules. If these tests are met, multinationals should be able to significantly reduce their compliance burden during the transition period. However, to comply with the TCSH rules, multinationals must make their CbCR more robust than ever before — based on qualifying financial statements and adhering to the Organisation for Economic Cooperation and Development's (OECD) guidance.

In this session, we will:

• Summarise the TCSH requirements outlined in the GloBE rules.
• Examine what constitutes a "qualifying" Country by Country Report for the purposes of the TCSH.
• Highlight common issues encountered in relation to Tables 1 and 2* when complying with the requirements of the TCSH.
• Examine Table 3* in the context of the TCSH.
• Identify processing synergies to deal with European Union Public CbCR requirements.

*(as out lined in the OECD Guidance on the implementation of Country by Country Reporting Implementation — BEPS Action 13)

Join this informative exchange with EY tax professionals from across Europe, who will share their insights and knowledge with you.

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