Trusted Answers
for BEPS

Limit your risk. Meet your obligations. Exceed expectations.

More than 10,000 multinational enterprises (MNEs) are subject to BEPS-related filings.

Nearly 100 countries, including Australia have implemented legislation and other guidance to align their cross-border tax and transfer pricing rules with the OECD’s BEPS recommendations—and BEPS-related filings are underway.

However, The Australian Tax Office's approach to BEPS reporting is unique to other countries, characterized by setting out its own format standards for local file reporting, placing compliance obligations with the Australian taxpayer and most importantly the severe penalties which corporations can face due to non-compliance. For some organisations these penalties can potentially be AUD 525,000 for each statement.

Is your global business effectively managing its transfer pricing data, monitoring and reacting to relevant BEPS legislation worldwide and able to meet BEPS Master File, Local File and Country-by-Country (CbC) reporting requirements set out by the Australian Tax Office?

Thomson Reuters can help keeping you stay up to date on the latest BEPS developments and best practices to inform your global tax strategy, execute on your BEPS obligations and deliver scrutiny-proof reports that tax authorities expect.

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