EU Public Country-By-Country Reporting - What it means for Australian MNEs

Multinational entities should explore whether current tax reporting systems can be aligned to produce information that complies with all CbC reporting requirements, as outlined by Tony Gorgas, Jenny Wong and Phil Beswick.

Australian-headquartered multinational groups with entities or branches in the European Union (UD) might in future need to publish their country-by-country (CbC) reports under new EU rules. The disclosure requirements for this report are different to the Organisation for Economic Cooperation and Development (OECD) CbC reporting requirements (implemented under Australian law) currently lodged with the Australian Taxation Office (ATO). The European Parliament formally adopted the public EU Cb...

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Authors: Tony Gorgas, Jenny Wong,

Published Date: 29 November 2021