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<h1>Multinational Enterprises Must Submit CbC Reports Detailing Financial Data Per Jurisdiction, Following BEPS Action Plan 13 Guidelines</h1> Country-by-Country (CbC) reporting requires multinational enterprises (MNEs) to submit annual reports detailing financial data for each jurisdiction they operate in, including revenue, profit, and taxes. The parent entity of an international group must submit the CbC report to the tax authority in its country of residence if the group's revenue exceeds 6,400 crore. Entities in India must maintain a master file with detailed information about the group and submit Form 3CEAA. Designated entities can submit reports on behalf of others. The OECD's BEPS Action Plan 13 mandates these reports to ensure accurate profit reporting across jurisdictions.