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.

Click here to read about the proposed regulations, as well as expert insights from our Chief Tax Office.

Please remember that the Tax Matters 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.

About this Contributor

Tricia Schafer-Petrecz Headshot
Tricia Schafer-Petrecz
Public Relations and Social Media Lead

Tricia Schafer-Petrecz manages Vertex's public relations and social media functions. In her role as reporter for the Tax Matters blog, she coordinates and writes  pieces on industry trends, legislation and technology in the tax industry.  Tricia has over 20 years of experience managing public relations, corporate communications and generating thought leadership for the financial services and technology industries. Prior to joining Vertex, she was the Director of Public Relations for Fidelity National Information Services (FIS Global), a Fortune 500 company. Tricia has a B.A. in English, a B.A. in Communications, and a Master's degree in Communications from La Salle University in Philadelphia, PA.  She is also a member of the Public Relations Society of America (PRSA).

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