Final EU public CbCR guidance and form published

The European Commission (EC) on October 21, 2024, published an updated implementing regulation providing the common template and electronic reporting formats for the application of the EU public country-by-country (CbC) reporting directive. It was anticipated that additional guidance would be issued to clarify the Directive on a number of points, however this was very limited. Please refer to the following link for more information: EU: Updated public country-by-country reporting forms published.

With the final guidance and the reporting template being published, we recommend taxpayers to take a closer look to their EU public CbCR obligations. Especially for non-EU headquartered group, the scoping and filing strategy remains an important point of attention to explore in detail. For non-EU headquartered groups with (qualifying) operations in Romania, the deadline for publication is 31 December 2024. This obligation requires a full disclosure all required information, not only covering Romania.

Please reach out to us to explore the impact of the EU public CbCR regulations.