The Organisation for Economic Cooperation and Development (OECD) has released an updated version of its Guidance on the Implementation of Country-by-Country Reporting: BEPS Action 13. It refines the treatment of dividends in accordance with the Pillar Two anti-arbitrage regulations applicable to the Transitional CbCR Safe Harbour.
This guidance is intended to provide assistance to tax administrations and multinational enterprise (MNE) groups in implementing and operating country-by-country (CbC) reporting as outlined in BEPS Action 13.
It will also aid taxpayers and tax administrations in interpreting standards to ensure consistent implementation.
