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.What is BEPS?
Preparing for BEPS
How are global jurisdictions and multinational corporations reacting to and preparing for BEPS? Our analysis discusses the impact of emerging legislation, provides insights, and shares best practices to help you comply.
BEPS Filing Requirements for Multinationals Under Country-by-Country ReportingDownload the special report
Solutions that address your needs
Thomson Reuters is your global partner for international tax compliance challenges. Our BEPS research and technology solutions address your immediate and ongoing needs for country-by-country reporting and other Action Items, while providing a solid foundation for future impact on your organization.
Checkpoint BEPS Global Currents
With a customizable dashboard of the latest BEPS developments, you can respond proactively to new developments, make strategic plans to minimize impact and ensure you are in compliance with new laws and standards as they are passed.
ONESOURCE BEPS Action Manager
With up-to-date research, valuable risk assessments and intuitive analytics, multinational tax departments can remain current amidst an ever-evolving legislative landscape—and stay ahead of inquiries from various tax administrations.