EU Public Country-by-Country Reporting (PCbCR) Developments Tracker

The EU PCbCR Directive impacts any multinational enterprise group operating in the EU, regardless of headquarter location, as long as certain thresholds are met. Businesses impacted are required to publicly disclose income taxes paid, and other tax and non-tax related information. The information must be disclosed on a disaggregated basis, i.e., on a country-by-country basis, for all 27 EU Member States and all jurisdictions listed in the EU list of non-cooperative jurisdictions for tax purposes. 

As countries continue to transpose the Directive into national law, local nuances have emerged, which need to be carefully considered by multinational enterprise groups in scope. The EU PCbCR Developments Tracker provides an overview of the Directive, and how each EU Member State and European Economic Area country is implementing the Directive. It is designed to help you see at a glance early adopters, commonalities and deviations. 

PCbCR represents a shift of tax transparency obligations moving from non-public (i.e., BEPS Action 13) or voluntary (i.e., Global Reporting Initiative-207 Tax) to both public and mandatory. Now more than ever, businesses should examine their tax transparency approach and consider the potential strategic implications of going public: reputational risk can damage corporate and brand value.

Staying ahead of the evolving public tax transparency landscape, especially EU PCbCR, is therefore critical for businesses wanting to demonstrate value to stakeholders, stay compliant and avoid reputational damage.

For more information, contact your EY engagement team or the jurisdiction contact located on page 9.

(The information offered for each jurisdiction represents the best understanding of EY professionals in that jurisdiction. It is high-level and subject to change. This document is updated on an ongoing basis but not all entries will be up to date at a given moment.)