It is expected that certain large multinationals will need to comply with public EU Country-by-Country (CbC) reporting rules by mid-2024. In a new video, tax experts Maurice van Klaveren and Daniël van der Vliet highlight what this means for your organization.
On 11 November 2021, the European Parliament gave its final green light to introduce public Country-by-Country reporting obligations in the European Union. Member States will have 18 months to transpose the obligations into their national laws. Based on the latest wording of the Directive, this means that certain multinationals will need to comply with the new rules by mid-2024. We also refer to our article of 20 October 2020.
Thank you to our BLCC corporate member Loyens Loeff for providing the information. Click here to watch the video and for more detail from them.