Lithuania updates CbC reporting rules for MNEs

08 January, 2025

Lithuania’s tax authority has revised its Country-by-Country (CbC) reporting requirements for multinational enterprises (MNEs), effective from  21 November 2024. All notifications must now be submitted electronically via the "Mano VMI"

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Dominican Republic extends CbC reporting deadline

07 January, 2025

The Dominican Republic's Directorate General of Internal Revenue (DGII) issued Notice 26-2024  on 2 January 2024, extending the deadline for the submission of Country-by-Country (CbC) reports for 2023 fiscal year to 31 January 2025. The MNE

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Russia updates CbC reporting jurisdictions

31 December, 2024

The Russian Federal Tax Service (FTS) has updated its list of jurisdictions for automatic exchange of country-by-country (CbC) reports, effective 31 December 2024. The revised list comprises 45 states and 10 territories, compared to the previous

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Australia gazettes instrument regarding Taxation Administration (Country by Country Reporting Jurisdictions) Determination 2024

30 December, 2024

The Australian Official Gazette, on 17 December 2024, published a legislative instrument for CbC reporting jurisdictions by the Taxation Administration for the year 2024. This instrument includes the list of CbC reporting jurisdictions along with

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Australia announces jurisdictions for public CbC reporting

19 December, 2024

Australia has published the Taxation Administration (Country by Country Reporting Jurisdictions) Determination 2024, listing jurisdictions for public Country-by-Country (CbC) reporting on 12 December 2024. Notably, Liechtenstein has been excluded

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Australia updates guidance on public CbC reporting

13 December, 2024

The Australian Taxation Office (ATO) has revised its guidance on the public country-by-country (CbC) reporting regime focusing on public CbC parent registration requirements on 11 December 2024. Australia’s public CbC reporting is a reporting

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Romania clarifies public CbCR reporting rules

12 December, 2024

Romania’s Ministry of Finance, in a release, outlined the preliminary format for public Country-by-Country (CbC) reporting. This follows after Romania has introduced public country-by-country (CbC) reporting requirements through Order no. 2.048

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Colombia: DIAN sets tax value unit for 2025

12 December, 2024

The Colombian National Tax and Customs Directorate (DIAN) issued Resolution No. 000193 on 4 December 2024, setting the tax value unit (UVT) at COP 49,799. The UVT is a tool in the Colombian tax system which allows for the annual update of tax

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Australia: Pillar Two minimum tax, PCbC reporting, capital gains withholding laws receive royal assent

12 December, 2024

Australia’s laws related to the Pillar Two minimum tax, Public Country-by-Country (PCbC) reporting requirements, and capital gains withholding received Royal Assent on 10 December 2024. Pillar Two global minimum tax law The Pillar Two global

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Azerbaijan plans to raise penalties for CBC reporting tax non-compliance

10 December, 2024

Azerbaijan has proposed changes to the Tax Code on penalties for tax non-compliance and country-by-country (CbC) reporting. The penalty for failing to submit requested documents and information to the tax authorities within 60 days will be

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Taiwan reminds taxpayers of Master File, CbC report submission deadlines for FY2023

08 December, 2024

Taiwan's Ministry of Finance has issued a reminder to taxpayers about the approaching deadline for submitting the Master File and CbC Report for 2023 on 4 December 2024. The Ministry of Finance states that in order to strengthen tax information

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Switzerland updates MCAA-CbC participation list, adds Armenia, Georgia, Montenegro

08 December, 2024

An updated the list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) for the exchange of country-by-country (CbC) (Decision No. RO 2024 738) was published in the Swiss Official Gazette on 3 December

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European Commission issues final rules for CbC reporting directive

05 December, 2024

The European Commission has published the final version of the Commission Implementing Regulation (EU) 2024/2952 of 29 November 2024 in the Official Journal of the EU on 2 December 2024. This document establishes a common template and electronic

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Australia: Parliament passes law for public CbC reporting 

03 December, 2024

Australia's parliament passed a legislation, on 29 November 2024, that mandates all multinational groups to publicly disclose country-by-country (PCbCR) tax information starting 1 July 2024. The legislation requires multinational Australian and

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Australia: ATO updates CbC Reporting Exemptions, adds additional compliance rules

03 December, 2024

The Australian Taxation Office (ATO) announced updates to its country-by-country (CbC) reporting exemptions on 29 November 2024. These updates bring changes to previous exemptions for the local file, master file, and CbC report. For example,

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Colombia: DIAN proposes adjusted tax value unit for 2025

21 November, 2024

The Colombian National Directorate of Taxes and Customs (DIAN) has published a draft resolution proposing to adjust the tax value unit the Tax Value Unit (UVT) for 2025 at COP 49,799. Comments on this draft resolution opened for submission until

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EU releases updated public CbC reporting forms

20 November, 2024

The European Commission (EC) published a revised regulation that provides the common template and electronic reporting formats for the EU public country-by-country (CbC) reporting directive on 21 October 2024. This follows after the conclusion of

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Australia: ATO extends CbC reporting deadlines

18 November, 2024

The Australian Taxation Office (ATO) announced, on 13 November 2024, an extension for the filing deadline of country-by-country (CbC) reporting entities for the year ending 31 December 2023. The deadline has been extended until 31 January

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