As part of the automatic exchange of information in tax matters, since 2017, determined companies operating in multinational groups have been obliged to draw up the so-called Country by Country Reporting (CbCR). This obligation only applies to multinational groups of companies that have consolidated annual revenues exceeding EUR 750 million.

If you are the supreme parent entity of such a multinational group, you are required to submit a so-called REPORT, no later than 12 months after the end of the reported accounting period of the multinational group of companies. If the first reported period was the calendar year 2022, then do not forget to submit the report for the year 2022 by December 31, 2023.

If you are a part of such a multinational group, you are required to submit a so-called NOTIFICATION, indicating your supreme parent entity, which will submit the CbCR (report) for the group. The deadline for submitting the notification is set on the last day of the first reported accounting period. If the first reported period is the calendar year 2023, then you are obliged to submit a notification by December 31, 2023.

However, if you have already submitted the notification in the past and there has been no change to the reported data (cessation of the obligation to submit CbCR, change of the supreme parent entity etc.), there is no need to take any action related to the tax administrator. Yet, if there has been a change on your side, do not forget that the deadline for notification of changes in the reported data is 15 days from the day the change occurred.