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Further advice from the OECD on country-by-country reporting.
The Organisation for Economic Development and Co-operation (OECD) has issued further guidance on country-by-country reporting (base erosion and profit shifting (BEPS) action 13). It clarifies several interpretation issues on the data to be included.
In particular it addresses the definition of revenues; the accounting principles for determining the existence of and membership in a group; the definition of total consolidated group revenue; the treatment of major shareholdings; and the definition of related party when completing table 1 of the report.
For more information see here.
