Time is fast approaching for many MNEs to submit their CbCR with the revenue authorities. Before doing so, it is essential that you and other members of the senior management team fully understand the implications of how your data may be interpreted by the authorities. 

 

Multiple tax authorities have made CbCR a key priority in light of the BEPS Action Plan, providing them access to global MNE information for the first time. This unprecedented level of transparency has transformed the process of preparing the CbCR from a mere compliance exercise into the preparation of a strategic tax risk management tool.