martes, 22 de noviembre de 2016

Luxembourg issues draft law on country-by-country reporting

Luxembourg’s Parliament on August 2 issued a draft tax law introducing country-by-country (CbC) reporting obligations based on the recommendations in the OECD’s final reports on the base erosion and profit shifting (BEPS) initiative and transposing Council Directive (EU) 2016/881 regarding the mandatory automatic exchange of information in the field of taxation.

The draft law intends to implement Council Directive (EU) 2016/881 and BEPS Action 13 based on the Multilateral Competent Authority Agreement signed by Luxembourg. The proposed CbC rules would require Luxembourgish ultimate parent entities of multinational companies with a consolidated group turnover of EUR 750 million or more to file a CbC report with the Luxembourg competent tax authority.

Source & more info: Deloitte

No hay comentarios:

Publicar un comentario