Country-by-Country Reporting: Overview

The obligation to prepare and submit an annual country-by-country reporting applies to companies that generate consolidated group sales of more than EUR 750 million in a fiscal year. The consolidated financial statements must include more than one foreign company or foreign permanent establishment.

The tax offices must convert the reported data into a specified data format (XML schema). Subsequently, the report must be validly transmitted to the Federal Central Tax Office via the electronic mass data interface (ELMA).

Optimize your Country-by-Country reporting process

With Country-by-Country Report Web (CbCR Web) by EY, you will be able to centrally capture the data required for country-by-country reporting. Using a standardized import interface, you can conveniently transfer the required financial data from upstream systems. The subsequent conversion of the data into the desired data structure is automated.

CbCR Web also supports you in the electronic transmission of the report. 

The web-based CbCR Web is the central platform for your reporting process. All employees involved work in one system - worldwide.

Evaluations and early warning functions

The integrated dashboard allows you to analyze the financial data in the country-by-country web. Evaluations with graphical elements and various KPIs will draw your attention to unusual trends or possible risk areas.

The integrated plausibility and validation checks will increase the quality of the reported data. In this way, possible risks of errors are reduced.