CbC Reporting (Country-by-Country Reporting)

Country-by-Country Reporting (CbC Reporting) is a tax compliance measure requiring multinational companies to provide detailed financial information for each country where they operate. This includes data on revenues, profits, taxes paid, and employee numbers. The goal is to increase transparency and help tax authorities assess tax risks and ensure companies pay their fair share of taxes where they generate income. By sharing this information, governments can better combat tax avoidance and ensure fairness in the global tax system.