The Country Report: The Effective Implementation Manual is a practical guide that helps countries implement CBC reports in accordance with the minimum standards of action 13. These include chapters on the submission and use of CBC reports, cbC reporting, operational aspects of cbC reports and advice, stakeholder engagement and training. Active Relations for the Exchange of Information on IRS The first cbC reporting exchange took place in June 2018 and, with OECD support, tax administrations are integrating CBC reports into their tax risk assessment and insurance processes to better understand the risks faced by their countries. CBC reports are also at the heart of other programs aimed at strengthening the tax security of SMEs, including the OECD pilot project for the International Compliance Insurance Program (ICAP). In order to facilitate the implementation of the CBC reporting standard, the BEPS-Aktion 13 report contains a set of EFA reports on the implementation of reports, including (i) model laws that could be used by countries to compel the final parent company of an MNE group to submit the cbC report in its residency sovereignty, including the requirements for the submission of backup copies and (ii) three model agreements for the submission of competent authority agreements that could be used to facilitate the implementation of the CBC report exchange, or on the basis of the 58 jurisdictions that have mandated or authorized the submission of cbC reports for 2016 , and 90 at present, have the right to make fun of a CBC reporting obligation. In addition, there are more than 2,500 relationships between the legal systems for the exchange of CBC reports. This means that, for the most part, each MNE with a consolidated turnover of at least 750 million euros is already needed to submit a cbC report and that the remaining gaps are being filled. The agreement was born out of the OECD`s work on combating harmful tax practices. The lack of effective exchange of information is one of the main criteria for determining harmful tax practices. The agreement is the standard for the effective exchange of information within the meaning of the OECD`s initiative on harmful tax practices. This page also contains information on bilateral agreements concluded by the competent authorities by the relevant authorities to the extent that they have been communicated to the Secretariat. Further updates are made continuously when the courts activate their bilateral exchange relations. In September 2017, the OECD updated its standardised electronic format for the exchange of CBC reports between jurisdictions – the CBCR-XML scheme – and the corresponding user manual.
The updated cbC-XML usage manual now allows MNE groups to identify cases of stateless entities and non-status revenues, as well as to indicate the trade name of the MNE group. In addition, some clarifications have been made, particularly with regard to correction mechanisms. 3 See www.irs.gov/businesses/country-by-country-reporting-jurisdiction-status-table. These agreements include a joint statement by France and the United States that cbC reports for 2016 and 2017 will be exchanged spontaneously. The aim of this agreement is to promote international cooperation in tax matters through the exchange of information.