The OECD/G20 Inclusive Framework on BEPS has released additional interpretative guidance to give greater certainty to tax administrations and multinational enterprise (MNE) Groups on the implementation and operation of Country-by-Country (CbC) Reporting (BEPS Action 13).

The new guidance includes questions and answers on, amongst other topics, the treatment of dividends received, the operation of local filing, the use of rounded amounts in Table 1 of an MNE Group’s CbC report and the information that must be provided with respect to the sources of data used.

In addition, a summary of common errors made by MNE Groups in preparing CbC reports has also been posted on the OECD website.

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