Breakfast Session: Country-by-Country Reporting

You have most likely heard of it, and perhaps you have already taken action: Country-by-Country Reporting (CbCR). CbCR is a new legislation that will be applicable to Dutch tax resident entities that are members of a multinational group with a consolidated turnover exceeding €750 million.

The new reporting requirements, including the Country-by-Country Report, are mandatory for financial years starting on or after 1 January 2016. The reporting entity of the group needs to submit the CbCR requirements on a yearly basis to the tax authorities of the country in which the reporting entity is a resident.

Besides (non-) financial figures, like profit, revenue, tax, fixed assets and number of employees, CbCR requires you to submit text disclosures as well. Most financial systems are designed for the correct and efficient submission of figures, but not of texts. What could be an efficient and effective way of complying with the new CbCR regulations without a huge investment?

If you want to learn more about CbCR and the impact it has on your business, join inlumi and Oracle at our informative breakfast session. Register here.