The OECD has published an updated version of its Guidance on the Implementation of CbC Reporting. The latest version of the guidance, which is available in English and French, includes new guidance concerning positive and negative figures in completing Table 1, reporting permanent establishment information, and short accounting periods / long accounting periods. The main text of the new guidance is as follows:
6.2 When should positive amounts be used in completing Table 1 and in what circu…