Country by country reporting

The three pillar approach to transfer pricing documentation makes multinational enterprises obliged to provide in master file, local file and country by country report the consistent transfer pricing positions that enable tax authorities to assess whether companies have engaged in transfer pricing practices that have the effect of artificially shifting substantial amounts of income into a tax-advantaged environment. The main goal of this contribution is to clarify the tool of country by country reporting and mention the potential issues of its implementation process.Faculty of Law, Masaryk University, Czech RepublicHickman A., Abdelghani S., Honduis P., Action 13: Transfer pricing documentation and country by country reporting. Cit. [8.1.2016]. Available: http://www.internationaltaxreview.com.McFarlane T., Transfer pricing documentation and country by country reporting, “Tax Journal”, October 2015, Issue1283. Cit. [8.1.2016]. Available at: http://www.taxjournal. com.OECD, Action 13: Guidance on the Implementation of Transfer Pricing Documentation and Country by Country Reporting. Cit. [8.1.2016]. Available at: http://www.oecd.org.OECD, Action 13: Re-examine transfer pricing documentation. Cit. [8.1.2016]. Available at: http://www.oecd.org.OECD, Transfer Pricing Documentation and Country by Country Reporting, Action 13 – 2015 Final Report. Cit. [8.1.2016]. Available at: http://www.keepeek.com.17-209172