Lessons learned from implementing a process for MDR reporting
4 December, 2020 | Tax management

Lessons learned from implementing a process for MDR reporting

In this article we will share experiences from implementing a process for Mandatory disclosure-reporting. In January 2021, the reporting of arrangements under the Mandatory Disclosure Regulations (MDR) comes into force in most EU countries (countries such as Poland, Germany, Austria and Finland have already started the reporting). Is your company in the process of deciding […]

The new tax standard GRI207 – what it means in practice for the tax department
5 November, 2020 | Tax management

The new tax standard GRI207 – what it means in practice for the tax department

The Global Reporting Initiative (GRI) has released a new tax standard for transparency reporting (GRI207) which may have an impact on work carried out by the tax department. In this article we describe some practical implications for the tax department. To comply with the GRI207 standard you need to compile and make publicly available descriptions […]

28 May, 2020 | Tax management

DAC 6 – valuable insights to consider when you set up your process

DAC 6 filing will likely be postponed until October 2020. This may give you some more time to fine tune your process to manage DAC 6 and make sure your group is compliant and to avoid heavy fines. The number of arrangements that will be filed may vary a lot from group to group but […]

4 May, 2020 | Tax management

DAC 6 – the benefits of avoiding questionnaires

When you implement a process to identify and collect information on your arrangements and potential arrangements for review and potential filing, you face a number of challenges. One is that you may need to collect information on arrangements from different departments and from local reporters. This within a tight 30-day rolling deadline. Many multinationals and […]

17 September, 2019 | Tax management

A guide for implementing an MDR (DAC6) solution

When you have established that you as a multinational or an intermediary have reportable arrangements under the mandatory disclosure regime (DAC 6), you need to put a process in place to identify and collect arrangements and consider what system solution you need in order to manage the reporting. This article will give you some insights […]

1 April, 2019 | Tax management

Tax management – The quality and accessibility of data “Navigating through no man’s land”

Some practical insights on how to access and manage important data for Tax functions, and the need for a web-based solution for effective Tax Management. There are an increasing number of Tax-related obligations which require groups to file and disclose more data than ever before. Internationally the focus is on Corporate Tax Transparency, with the […]

8 May, 2018 | Tax management

Country by Country reporting – what to consider ahead of the 2020 filing and beyond

Updated 2020-08-28 Many qualifying groups have now filed a number of CbC reports and the reported data has been made available for exchange between tax authorities. Now changes are starting to be introduced which you need to act on. You have likely gained a lot of experience from the first filings and might be wondering […]

4 October, 2017 | Tax management

Country by Country figures – what are the definitions?

Updated November 11, 2019. The OECD has provided definitions for the figures that should be included in the country by country reporting. A number of questions have arisen in relation to the definitions and thus the OECD has clarified some of these in a guidance, the latest update released in November 2019. Please note that […]

15 May, 2017 | Tax management

How to manage and analyse your Country by Country data

Updated 2019-03-26 In this article we discuss how to manage increased global tax transparency requirements with a focus on Country by Country reporting and analysis. Recently adopted legislation that requires the filing of Country by Country (CbC) data to tax authorities makes your group’s tax figures available for analysis by multiple jurisdictions where the group […]