OECD publishes Guidance on the Implementation of Country-by-Country Reporting

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01 Jul, 2016

The Organisation for Economic Co-operation and Development (OECD) has published Guidance on the Implementation of Country-by-Country Reporting - BEPS ACTION 13

This publication addresses some questions of interpretation that have arisen as countries and MNEs (Multinational Enterprises) have been preparing to implement CBCR. In the OECD's view, these questions are best addressed through common public guidance.

The four areas covered in the guidance are:

  • Transitional filing options for MNEs (“parent surrogate filing”).
  • The application of CBCR to investment funds.
  • The application of CBCR to partnerships.
  • The impact of currency fluctuations on the €750 million filing threshold.

Country-by-country reporting (CBCR) is one of the actions recommended by the OECD as part of its work on Base Erosion and Profit Shifting (BEPS). For more information on CBCR as part of the BEPS project, see our previous UK Accounting Plus news article about the implementation of CBCR in the UK.

The guidance document can be obtained from the OECD website.

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