Meet Your BEPS Action 13 Obligations with Confidence
Under BEPS Action 13, multinational enterprises need to prepare a country-by-country report with aggregate data on the global allocation of income, profit, taxes paid and economic activity across tax jurisdictions operated in. This country-by-country report is shared with tax administrations in these jurisdictions for use in high-level transfer pricing and BEPS risk assessments.
To mitigate the significant risk of inaccurate or incomplete disclosures, multinationals must deal with the collection of relevant and accurate data in a consistent format across the whole Group. Given the size, diversity and geographical spread of many multinationals, they must leverage the right technology to ensure they are equipped to comply with the Country-by-Country Reporting requirement.