lunes, 16 de mayo de 2016

Switzerland releases draft law for country-by-country reporting

Draft legislation would require Swiss-parented multinational entities (MNEs) with annual consolidated group revenue of CHF 900 million or more to comply with new transfer pricing and transparency requirements, with the first country-by-country (CbC) report due for fiscal years beginning on or after January 1, 2018. However, Swiss MNEs could voluntarily file the CbC report for fiscal years beginning on or after January 1, 2016, in order to avoid certain exposures (e.g., penalties) in countries where CbC reporting requirements already have been introduced. In certain circumstances, Swiss group entities (other than Swiss-parented MNEs) also would be obliged to file CbC reports.

This Tax Insight discusses the new proposed CbC reporting requirements in Switzerland and highlights some of the potential implications for Swiss taxpayers.

Source & more info: PwC

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