CbC Reporting

Executive summary
  • Advanced data management solution to streamline CbCR 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

Vertex Country-by-Country Reporting provides control over and access to the detail data. This gives the tax department the ability to not only comply with CbCR requirements, but also ensure a reliable audit trail and even perform planning and analytics.

  • 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
  • Drill to the lowest level of detail (journal entry or lower) for valuable insight into the final results; 
  • 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
  • Access multiple years of data with full audit trail;
  • Retention of all corporate tax data with an auditable trail of data transformations back to the source.
  • Improve efficiency by spending less time manipulating data
  • Introduce automated repeatable processes
  • 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
  • Leverage a single unified data set for the end-to-end tax lifecycle
  • Uncover valuable insight for strategic contribution 
Associated Solutions
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.
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.
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Vertex Country-by-Country Reporting

Streamline and simplify the data management for country-by-country reporting, while ensuring the necessary reconciliation and audit trail.

Dissecting the U.S. Reg’s for CbCR

The Vertex Chief Tax Office reviews the final CbCR regulations from the U.S. Treasury, and poses 3 questions to help MNCs prepare.