Published 20 September 2017
This publication contains the OECD’s standardised IT-format for providing structured feedback on Country-by-Country (CbC) Reporting information – the CbC Status Message XML Schema – as well as the related User Guide.
With the first exchanges of CbC Reports being scheduled for June 2018, jurisdictions are now putting in place the required legislative, operational and IT framework.
From an IT perspective, jurisdictions will rely on the CbC XML Schema, developed by the OECD as part of BEPS Action 13, for exchanging the information with each other and, in many instances, to receive information from the reporting MNE Groups.
The CbC Status Message XML Schema allows Competent Authorities that have received CbC Reports through the CbC XML Schema to report back to the sending Competent Authority, whether the file received contained any file and/or correction-related record errors.
The CbC Status Message XML Schema may, in addition to communications between Competent Authorities, also be used by a Competent Authority to provide a status message to the MNE Groups that have filed the CbC Report.