European Commission adopts final implementing regulation on template and electronic reporting formats for public CbCR

03 December 2024|Tax Alerts, National/Federal Taxation, Transfer Pricing, Global|European Union

The European Commission has adopted the final implementing regulation providing the common template and electronic reporting formats for presenting income tax information in the context of public CbCR.
Reportable groups whose Ultimate Parent Entity is incorporated in a Member State should prepare their report in XHTML and Inline XBRL.
The implementing regulation will be applicable for public CbC reports corresponding to financial years starting on or after 1 January 2025.

Executive summary

On …

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.