The IRS has releaased final versions of the form and instructions for filing country-by-country (CbC) reports.
Form 8975, Country-by-Country Report, For 8975 Schedule A,and the Instructions for Form 8975 and Schedule A (Form 8975), Country-by-Country Report, reflect a revision date of June 2017.
U.S. persons that are the ultimate parent entity of a U.S. multinational enterprise (U.S. MNE) group with annual revenue for the preceding reporting period of $850 million or more are required to file Form 8975.
Form 8975 and Schedules A (Form 8975) are used by those filers required to report annually certain information with respect to the filer’s U.S. MNE group on a CbC basis. The filer must report the U.S. MNE group’s constituent entities, indicating each entity’s:
Form 8975 and Schedules A (Form 8975) must be filed with the IRS with the income tax return of the ultimate parent entity of a U.S. MNE group for the tax year in or within which the reporting period covered by the Form 8975 ends.
The IRS today also announced the launch of the IRS country-by-country webpage.
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