The European Commission’s proposed common template and electronic reporting formats for public Country-by-Country Reporting (pCbCR) play an important role in streamlining compliance for multi-national enterprises (MNEs) and ensuring consistency in public reporting. However, further alignment with the OECD’s non-public CbCR requirements and refinements to minimise national divergence are necessary to reduce compliance burdens and enhance coherence across reporting obligations.
Key Recommendations
Provide further EU public CbCR interpretation support
Clarify public CbCR and non-public CbCR alignment
Maximise alignment with OECD templates
Minimise member state divergence
Encourage consistent implementation and provide clear guidance