Tax & Accounting Blog

South Africa Publishes Guide on Country-by-Country Reporting Requirements

South Africa Publishes Guide on Country-by-Country Reporting Requirements

On December 29, 2017, the South African Revenue Service (SARS) published an external guide assisting taxpayers with the completion and submission of country-by-country (CbC) reports. See BEPS Action 13. The guide describes CbC information requirements, as well as how to submit the CbC report, master file, and … Read More

How Big Data/Data Analytics Will Transform Supply Chains – Part 2

How Big Data/Data Analytics Will Transform Supply Chains – Part 2

An estimated 90% of all data is either semi-structured or unstructured. This includes videos, PowerPoint presentations, company records, social media, RSS, documents, and text. However, many organizations are not utilizing this data despite the valuable insights that this data could yield. (Click here to read Part 1 of this series.) The reason … Read More

Spain Introduces Country-by-Country Reporting Amendments

Spain Introduces Country-by-Country Reporting Amendments

On December 29, 2017, Spain issued Royal Decree 1074/2017 (the “Decree”), introducing amendments, effective for tax periods that begin on or after January 1, 2016, to Article 13 (Information and documentation on companies and related transactions) of Decree No. 634/2015 regarding the submission of country-by-country (CbC) reports. See BEPS Action 13. Article … Read More

Denmark Issues Guidance on Submitting Country-by-Country Reports

Denmark Issues Guidance on Submitting Country-by-Country Reports

On December 21, 2017, Denmark’s tax authorities (SKAT) issued a press release on country-by-country (CbC) reporting. See BEPS Action 13. Danish companies (ultimate parent or surrogate parent) that form part of a multinational group with a consolidated turnover of at least 5.6 billion kr. in the previous income year must submit … Read More