Under the OECD model legislation on country-by-country (CbC) reporting, group entities must file a notification about the reporting entity before the end of the reporting fiscal year.
For multinational groups with a reporting fiscal year that is the same as a calendar year, this means that the notification must be filed before 31 December 2016 in those countries that have implemented the model legislation unchanged and that have not granted an extension for the notification for the 2016 reporting fiscal year.
Read an August 2017 report, prepared by the KPMG member firm in the Netherlands, that provides a timeline and an overview* of the CbC reporting notification requirements for all countries that have implemented final CbC reporting legislation as of 2016.
*This overview is subject to change if and when countries implement final CbC reporting legislation or, for example, if the countries decide to grant an extension.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.