Germany Enacts Law for Public CbC Reporting

Germany published the Law for the introduction of public Country-by-Country (CbC) reporting in the Official Gazette on 21 June 2023. The law is in line with Directive (EU) 2021/2101 (previous coverage), including a public reporting threshold of annual consolidated revenue of EUR 750 million in each of the last two consecutive financial years. When required, the public CbC report must be submit…