EU seeks input on the ATAD and public CbCR reporting formats

07 August 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|European Union

The European Commission has initiated a comprehensive evaluation of the ATAD to assess its effectiveness, with a focus on its implementation across EU Member States and its alignment with the recent Minimum Tax Directive.
A draft implementing regulation for public CbCR has been released, proposing standardized reporting formats and templates to enhance tax transparency, with a requirement for XHTML and Inline XBRL to enhance accessibility and comparability of financial data across the EU.
Stakehol…

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