On February 6, 2020, the OECD published for public comments a consultation on the review of the base erosion and profit shifting (BEPS) Action 13 minimum standard.
BEPS Action 13 provides for a three-tiered standardized approach to transfer pricing documentation, including a country-by-country Report (CbC report). CbC reporting is one of the four BEPS minimum standards, which all members of the BEPS Inclusive Framework have committed to implementing.
The public consultation document comprises three chapters. Chapter 1 contains general topics concerning the implementation and operation of BEPS Action 13. Chapter 2 contains topics concerning the scope of CbC reporting, and Chapter 3 contains topics concerning the content of a CbC report.
Specific questions upon which comments are sought are set out in each chapter. The consultation is open until March 6, 2020.
See Public Consultation Document