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  • Country-by-Country reporting

    Country-by-Country (CbC) reporting takes effect from income years commencing on or after 1 January 2016. It requires significant global entities to lodge the following three statements (CbC statements):

    • CbC report
    • master file
    • local file.

    These statements contain details regarding the international related party dealings, revenues, profits, and taxes paid by jurisdiction. All CbC statements must be lodged within 12 months after the end of the reporting period to which they relate.

    CbC reporting statements must be submitted to us using a validly generated XML file. This XML file is usually generated by your business management software (for example, tax reporting/accounting software). The local file and master file may be lodged simultaneously or separately using the same XML file. The CbC report must be lodged separately in its own XML file.

    See also:

    Last modified: 15 Apr 2020QC 49409