Solutions

CbC Reporting

Executive summary
  • Advanced data management solution to streamline CbC compliance for global tax departments
  • Collect, harmonize, and transform worldwide business unit data to country-level data
  • Reconcile data to all necessary financial statements and returns
  • Retain full audit trail

With Vertex Country-by-Country Reporting, you can collect, reconcile, and report financial and non-financial data in the format required for the CbCR template in a consistent manner across multiple country filing requirements. The solution not only generates the CbC Report, but the solution also establishes a repeatable processes, governance, and control over CbCR data.

Features
  • Connect directly to source ERP and consolidation systems to collect financial account data
  • Generic flat file and spreadsheet interfaces enable data import from other sources 
  • Convert worldwide business unit financial data to legal entity book income
  • Tools to unify differences in accounting methods (i.e., IFRS, US GAAP, or local stat) and currencies, and then summarize and allocate by country 
  • Easily reconcile the CbC Report to local statutory statements, worldwide audited statements, legal entity books, local tax returns, transfer pricing documentation, and local international reporting such as U.S. Form 5471s
  • Retention of all corporate tax data with an auditable trail of data transformations back to the source.
Benefits
  • Improve efficiency by spending less time manipulating data
  • Mitigate risk through improved visibility and reporting
  • Improve governance and control over global tax data
  • Become less IT-dependent for tax reporting
  • Ensure audit readiness with data drill-back functionality
Associated Solutions
Tax Data Management
The Vertex Tax Performance Engine allows you to unify, validate, enrich and access the massive amounts of global data that tax needs.
Tax Accounting
This global provision solution is a strong foundation for effective tax planning - and the first to align financial and tax reporting.
Vertex Enterprise
Learn how global companies can reduce risk, improve tax planning, and manage the end-to-end tax lifecycle from a single data source.
Contact Vertex
Have questions or need assistance?
Contact Vertex now! 1-800-355-3500
Spotlight

Final U.S. Treasury Reg’s for CbCR

Understand the final U.S. reg’s for CbCR, and learn the three questions needed to help your business prepare.

CbCR Resource Center

Access articles, webcasts, and other content to stay up-to-date on CbCR requirements and related issues for MNCs.
Resources

Vertex Enterprise for CbCR

A guide to how Vertex Enterprise can help global tax departments manage the challenge of CbC compliance more efficiently.