Country-by-country reporting requirement compels multinational enterprises to disclose jurisdictional profit, tax and activity data, enhancing tax risk assessment. The Country by Country (CbC) Report obliges large multinational enterprises with constituent entities in India to notify the tax authority of their parent or alternate reporting entity and jurisdictions, and to furnish aggregated jurisdictional data on revenue, profit before tax, tax paid and accrued, stated capital, retained earnings, tangible assets, employee numbers, and details of constituent entities and main business activities. The report serves as corroborative material for tax administrations in transfer pricing and BEPS risk assessment, and rules designate the income tax authority responsible for section specific filing and compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Country-by-country reporting requirement compels multinational enterprises to disclose jurisdictional profit, tax and activity data, enhancing tax risk assessment.
The Country by Country (CbC) Report obliges large multinational enterprises with constituent entities in India to notify the tax authority of their parent or alternate reporting entity and jurisdictions, and to furnish aggregated jurisdictional data on revenue, profit before tax, tax paid and accrued, stated capital, retained earnings, tangible assets, employee numbers, and details of constituent entities and main business activities. The report serves as corroborative material for tax administrations in transfer pricing and BEPS risk assessment, and rules designate the income tax authority responsible for section specific filing and compliance.
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