It is expected that certain large multinationals will need to comply with public EU Country-by-Country (CbC) reporting rules by mid-2024. In a new video, our tax experts Maurice van Klaveren and Daniël van der Vliet highlight what this means for your organisation.
On 11 November 2021, the European Parliament gave its final green light to introduce public Country-by-Country reporting obligations in the European Union. Member States will have 18 months to transpose the obligations into their national laws. Based on the latest wording of the Directive, this means that certain multinationals will need to comply with the new rules by mid-2024. We also refer to our article of 20 October 2020.
If, after watching the video, you would like to know more about the public EU CbC reporting obligations, please do not hesitate to contact us. Our Transfer Pricing team or your trusted Loyens & Loeff adviser will be happy to advise you on these obligations will mean for your organisation.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.