A notice regarding the submission of Country-by-Country (CbC) reports has been announced on 16 January 2017 by the Tax Administration. The authority announced that CbC reports submission deadline for the 2016 reporting fiscal year was extended to February 28, 2018. The CbC report contains combined information on the whole multinational enterprise group that generally refers to global income distribution, paid taxes and certain indicators of the place of business conduct of multinational companies. Currently, ePorezna portal in case of submission is in testing mode.
Under the Law on Administrative Cooperation in the Field of Taxation and the Rulebook on Automatic Information Exchange in the Tax Areas by countries, a group of multinational companies is regarded as the ultimate parent companies or other constituent entities of multinational corporations if their total consolidate revenue thresholds exceed EUR 750 million.
