The OECD published a consultation document Review of Country-by-Country Reporting (BEPS Action 13) on 6 February 2020 and launched a public consultation that will end on 6 March 2020, to be followed by a public hearing on 17 March 2020. It seeks to address the implementation and operation of the BEPS Action 13 minimum standard on country-by-country reporting (CbCR) of tax information to tax authorities. The 2020 review mandated by that standard is to consider whether changes should be made to require the reporting of additional or different data, the appropriateness of the applicable revenue threshold, and the effectiveness of filing and dissemination mechanisms. Extra questions are posed, including whether the reports are being used appropriately and effectively by tax authorities.
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