CbCR filing & advisory

Assisting you in meeting CbCR requirements

Country-by-Country Reporting (CbCR) is part of Action 13 of the Base Erosion and Profit Shifting (BEPS) initiative led by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty (G20) industrialised nations.

Under CbCR, all large multinational enterprises (MNEs) are required to prepare a Country-by-Country (CbC) Report with aggregate data on the global allocation of income, profit, taxes paid and economic activity amongst the various tax jurisdictions in which they operate. As per BEPS Guidance, it is recommended that the MNE Groups be compelled to comply with CbCR when the group consolidated turnover exceeds the OECD threshold under the respective country’s local CbCR Regulations.

While CbCR has enabled tax authorities to better assess transfer pricing risks, it has imposed new compliance burdens on large MNE groups.

At MBG Corporate Services, our worldwide network of advisors combines international experience with local tax knowledge to guide you through and manage the CbCR process. From providing a thorough and detailed understanding of the CbCR regime as applicable and the penalties for non-compliance to assisting you on the filings globally, we have you covered.

Our range of services:

• CbCR impact and applicability assessment
• Collection and analysis of country-by-country data on revenues, employees, assets, profit, stated capital, taxes, economic activity and other applicable financial parameters
• GAP assessment & health check of CbCR filings versus other compliances such as Economic Substance Regulations (ESR) and Transfer Pricing (TP)
• Identification of risks
• Management review and discussion
• Preparation & filing of CbCR notification & report, as applicable

What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

Get a quote

Explore more Customs and International Taxation services:

Economic Substance Regulations (ESR) Compliance

Global Mobility and HR Tax

ESR Review & Consistency Advice – UAE & Bahrain

Withholding Tax (WHT) Advisory

ITR Review and Filing

Master File Compliance

Tax Retention Advisory (KWT QAT)

Royalty and Fee for Technical Services (FTS) under DTAAs

Dividend Interest Advisory under DTAAs

Tax Residency Advisory

Foreign Tax Credit (FTC) Advisory

Zakat Advisory

Domestic Tax Advisory

MnA Tax – Pre Deal

MnA Tax – Deal Implementation

MnA Tax -Post Deal

Digital Tax Advisory

Family Trust Set up Advisory

Structuring Advisory

Customs Health check

Transfer Pricing Strategizing international Transfer Pricing

Permanent Establishment (PE) Advisory

Advisory on Double Tax Avoidance

Tax Residency Certificate

Customs Registration

Assistance in Customs Refund

Customs Exemption Advisory

Free Trade Agreement Analysis Services