The Dutch Senate (upper house of parliament) has passed the bill for implementing public Country-by-Country (CbC) reporting as required by Directive (EU) 2021/2101. The bill facilitates the partial implementation of Council Directive (EU) 2021/2101, establishing the legal basis for requiring public CbC reporting.
The Directive requires multinational enterprises with total consolidated revenue of more than EUR 750 million in the last two consecutive financial years, whether headquartered in the EU or outside, to publicly disclose income tax information separately for each EU Member State.
Once the bill is enacted, a draft order in council and ministerial regulations will be released to provide detailed criteria for public Country-by-Country (CbC) reporting in the Netherlands. This requirement will apply to financial years commencing on or after 22 June 2024.
On 6 July 2023, the Dutch House of Representatives (lower house of parliament) approved the Bill.
