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 […]
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 […]
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 […]
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 […]
