Introduction of country-by-country reporting for large multinationals previous message

Introduction of country-by-country reporting for large multinationals

As from 2016, Dutch tax law will contain a new documentation obligation for multinationals with consolidated revenues of EUR 750 million or more. With this proposal one of the OECD’s proposals as part of the BEPS project will be implemented.

The new regulation obliges qualifying multinationals to prepare a country report every year and file this report with the Dutch Revenue within 12 months after the end of the financial year. The country report must include both the worldwide profit appropriation of the multinational group and the profit taxes paid (including withholding taxes) in countries in which the multinational group operates.

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