Shiv Mahalingham (Duff & Phelps) provides a round-up of developments in the transfer pricing sphere.
US Australia Japan and EU: country by country reporting announcements
On 17 December 2015 the Australian Taxation Office (ATO) issued documentation and country by country reporting (CBCR) guidelines (based on OECD standards) whereby multinational groups with global income exceeding AUS $1bn (US $750m) are required to submit annual country by country reporting (CBCR) statements.
On 23 December 2015 the US Department of the Treasury issued proposed regulations that require US parented multinationals with revenue greater than US $850 million for the prior accounting period to prepare CBCR documentation on an annual basis.
On 24 December 2015 the Japanese cabinet approved the 2016 tax reform package including adoption of CBCR for all...
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Shiv Mahalingham (Duff & Phelps) provides a round-up of developments in the transfer pricing sphere.
US Australia Japan and EU: country by country reporting announcements
On 17 December 2015 the Australian Taxation Office (ATO) issued documentation and country by country reporting (CBCR) guidelines (based on OECD standards) whereby multinational groups with global income exceeding AUS $1bn (US $750m) are required to submit annual country by country reporting (CBCR) statements.
On 23 December 2015 the US Department of the Treasury issued proposed regulations that require US parented multinationals with revenue greater than US $850 million for the prior accounting period to prepare CBCR documentation on an annual basis.
On 24 December 2015 the Japanese cabinet approved the 2016 tax reform package including adoption of CBCR for all...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
