Final U.S. CbC Reporting Regulations Expected in June
Back in December 2015, the U.S. Treasury Department and the IRS jointly release their proposed U.S. country-by-country (CbC) reporting regulations related to the far-reaching Action Plan 13 on Base Erosion and Profit Shifting (BEPS) effort by the Organisation for Economic Cooperation and Development (OECD).
Since then, the 90-day comment period on the proposed rules concluded (on March 22). And the proposed regulations are expected to be finalized on or before June 30, according to U.S. Treasury Deputy Assistant Secretary for International Tax Affairs Robert Stack. So, it’s a good time to take another detailed look at that proposal.
Disclaimer
Please remember that the Vertex blog provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information. The views and opinions expressed in the Vertex blog are those of the authors and do not necessarily reflect the official policy, position, or opinion of Vertex Inc.
Explore more Resources from our Industry Influencers:
Explore Our Solutions
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
Browse All Solutions