Country-by-Country Reporting – Compilation of Peer Review Reports (Phase 1)
Inclusive Framework on BEPS: Action 13
Under the Action 13 Minimum Standard, jurisdictions have committed to foster tax transparency
by requesting the largest multinational enterprise groups (MNE Groups) to provide
the global allocation of their income, taxes and other indicators of the location
of economic activity. This unprecedented information on MNE Groups’ operations across
the world will boost tax authorities’ risk-assessment capabilities. The Action 13
Minimum Standard has been translated into specific terms of reference and a methodology
for the peer review process. The peer review of the Action 13 Minimum Standard is
proceeding in stages with three annual reviews in 2017, 2018 and 2019. The phased
review process follows the phased implementation of Country-by-Country (CbC) Reporting.
Each annual peer review process will therefore focus on different aspects of the three
key areas under review: the domestic legal and administrative framework, the exchange
of information framework, and the confidentiality and appropriate use of CbC reports.
This first annual peer review report reflects the outcome of the first review which
focused on the domestic legal and administrative framework. It contains the review
of 95 jurisdictions which provided legislation or information pertaining to the implementation
of CbC Reporting.
Published on May 23, 2018
In series:OECD/G20 Base Erosion and Profit Shifting Projectview more titles