On 6 September 2017, the OECD announced the release of two sets of additional guidance on Country-by-Country (CbC) reporting from the Inclusive Framework on BEPS. The first set is an update to the existing guidance on the implementation of CbC reporting and the second set is new guidance on the appropriate use of information contained in CbC reports.
The updated guidance on the implementation of CbC Reporting addresses the following issues/questions:
The definition of revenues
When fi…