News:Recently,the Central Board of Direct Taxes(CBDT) has notified rules for furnishing Country-by-Country Report(CbC) specifying information pertaining to all large multinational enterprises(MNEs). Facts: About Country-by-Country Report: The BEPS Action 13 report provides the multinational enterprises(MNEs) to report annually and for each tax jurisdiction in which they do business the information set out therein.This report is called… Continue reading Country-by-Country Reports
Tag: COUNTRY BY COUNTRY REPORTS
India in pact to ease U.S. firms’ compliance
India and the US has signed an Inter-Governmental Agreement for exchange of Country-by-Country (CbC) reports of multinational companies regarding income allocation and taxes paid to help check cross-border tax evasion.This is a key step in making India compliant with the Base Erosion and Profit Shifting (BEPS) Action 13 report of which India is an active… Continue reading India in pact to ease U.S. firms’ compliance
