Country-by-country reporting (CbCR) and notification services

The OECD’s BEPS (base erosion and profit shifting) initiative makes complex compliance demands that can vary widely from one jurisdiction to another.

TMF Group’s global network of in-country experts lets you satisfy the matrix of country-by-country compliance obligations cleanly and consistently across any number of jurisdictions.

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What is country-by-country reporting?

Country-by-country reporting requires international companies and groups above a certain revenue threshold to submit three levels of reporting about the intra-company trading and accounting in their cross-border business activities.

The compliance demands made by these new and complex regulations can vary significantly from one jurisdiction to another, making it difficult for a multinational business to comply effectively and consistently.

Country-by-country reports provide local tax authorities with details of a company’s business activities, revenues, pre-tax profits, retained earnings, tax paid, assets, employment and so on in that jurisdiction.

Master file reports (lodged with the company’s home tax authority but available to all) provide a high-level overview of the group’s global business operations and its policies governing how intra-company transactions are accounted for.

Local file reports for each jurisdiction related-party transactions at the country level and describe the underlying transfer pricing decisions. 

Country-by-country reporting with TMF Group

We support the full scope of CbCR reporting to tax authorities, from initial notification to the compliant preparation of unique local files for multiple jurisdictions in which you have a regulated presence. The clean, reliable and consistent country-level reporting we create also greatly simplifies your master file compliance.

One world of local service

TMF Group is an independent global multinational with some 7,800 in-house experts across 120 offices covering 80-plus jurisdictions. Together we deliver a broad portfolio of consistent, integrated but localised services covering the business administrative essentials of accountancy and tax, HR administration, global payroll and employee benefits, and global entity management, corporate secretarial and regulatory compliance.

Rapid response consultancy solutions support cross-border projects large and small, at every stage, across all our disciplines, and in every market.

Specialised teams support fund and capital markets administration and private wealth and family offices.

Because we know how to unlock access to some of the world’s most attractive markets – no matter how complex – swiftly, safely and efficiently, more than 60% of the Fortune Global 500 and FTSE 100, and almost half the top 300 private equity firms, use us.

So, whether you are operating across one border or many, with a handful of staff or several thousand, we have all the flexible, coordinated, business-critical support you need to open up in new markets, build strong businesses and stay nimble, efficient and in good standing everywhere.