The OECD/G20 Inclusive Framework on BEPS has published its fourth annual review of BEPS Action 13 on country-by-country reporting (CbC) and BEPS Action 14 on resolution of tax-related disputes between jurisdictions.
On Action 13, over 100 jurisdictions have already introduced legislation to impose a filing obligation on MNE groups covering practically all MNE Groups with consolidated group revenue at or above the threshold of €750 million. Legislation to implement CbC reporting has been largely consistent with the Action 13 minimum standard, and more than 3,000 bilateral relationships for the exchange of CbC reports are now in place.
Stage 2 peer reviews on BEPS Action 14 set out progress made by Brazil, Bulgaria, China, Hong Kong (China), Indonesia, Russia and Saudi Arabia, including the majority having signed up to the Multilateral Instrument.
The OECD/G20 Inclusive Framework on BEPS has published its fourth annual review of BEPS Action 13 on country-by-country reporting (CbC) and BEPS Action 14 on resolution of tax-related disputes between jurisdictions.
On Action 13, over 100 jurisdictions have already introduced legislation to impose a filing obligation on MNE groups covering practically all MNE Groups with consolidated group revenue at or above the threshold of €750 million. Legislation to implement CbC reporting has been largely consistent with the Action 13 minimum standard, and more than 3,000 bilateral relationships for the exchange of CbC reports are now in place.
Stage 2 peer reviews on BEPS Action 14 set out progress made by Brazil, Bulgaria, China, Hong Kong (China), Indonesia, Russia and Saudi Arabia, including the majority having signed up to the Multilateral Instrument.
