The OECD has confirmed that all multinational enterprises (MNEs) should be required to file the Country-by-Country (CbC) report every year. MNEs with annual consolidated revenues in the immediately preceding fiscal year of less than €750 million should be exempted. In practice, MNEs with consolidated turnover of less than €750 million by 31 December 2015 would not have to file the CbC with respect to the fiscal year ending on 31 December 2016.
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