Tax transparency – an increasing focus area for companies and legislators alike

We are pleased to share with you the latest update of Tax transparency and country-by-country reporting - BEPS and beyond. This publication summarises and compares the main country-by-country reporting (CbCR) regimes, providing a handy reference guide to existing and forthcoming regulations with links to the relevant legislation and guidance.

Since we published our last briefing on tax transparency and CbCR nearly two years ago, the introduction of mandatory tax reporting rules has accelerated. The changes covered in this publication include:

• Rules for reporting country-by-country data to tax authorities under the OECD's BEPS Action 13
• Revised guidelines for the Extractive Industries Transparency Initiative
• Final rules for US listed extractive companies under Dodd-Frank Section 1504.

We also look ahead to the discussions in the EU on how public CbCR might be developed for large multinational companies.

We hope you find this publication insightful. Should you have any queries regarding this topic or any particular tax policy issue, please do not hesitate to reach out to your usual PwC contact.