OECD issues further guidance on Country by Country Reporting
As part of the on-going work under BEPS Action 13, the OECD Inclusive Framework has released further guidance on “Country by Country Reporting” (CbC) for the Multinational enterprises. CbC Reporting is one of the key BEPS Actions expected to enhance transparency in tax reporting (including value creation and reporting) and tackling transfer pricing challenges related to appropriate profit allocation between jurisdictions.