Country-by-Country – Reporting BEPS 13

On 1 June 2016 the German Federal Ministry of Finance published a draft of the Act Concerning the Implementation of Changes to the EU Administrative Cooperation Directive and of Additional Measures against Base Erosion and Profit Shifting (BEPS). According to the draft bill, section 138a of the Tax Code, CbC reporting obligations shall apply to German-headquartered multinational groups with annual consolidated group revenue of at least €750m. The companies are required to file a CbCR to the German Federal Central Tax Office for financial years starting after 31 December 2015.

With the GlobalTaxCenter module Tax Questionnaire AMANA offers the possibility to fulfil the requirements of the CbCR. Data is collected locally by subsidiaries and can be analysed centrally at the group level. A connection to the central ERP system is also possible. CbCR templates can be rolled out at short notice which allows for collection and analysis of the requested information for the financial year 2015. Moreover, Tax Questionnaire can be used to report some additional data.

For more information about the Tax Questionnaire module in the GlobalTaxCenter click here.

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