The OECD Action Plan (keyword BEPS – Base Erosion and Profit Shifting) requires internationally active companies to fulfil additional reporting obligations in their transfer pricing documentation. In future, a three-stage approach to documentation will be required. The previous documentation components of the master and local file are supplemented by country-by-country reporting (measure 13).
With the help of CbCRmanager, a web-based IT solution developed by WTS, the documentation obligations required by OECD guidelines and local legislative standards can be fulfilled.
In addition, our CbCRmanager makes it possible to implement ordered and automated transfer pricing processes. As a result, companies not only ensure that their obligations are met, but can also benefit from this added value. By using the WTS CbCRmanager’s process support, improvements can be made to the fulfilment of the reporting obligations, as well as the internal understanding and analytical handling of tax data.
In the future, multinational companies will increasingly pursue sustainable tax risk management and use analysis opportunities through standardised and automated immediate evaluations. As a result, tool-based processes will be essential in the tax arena.
Multinational Enterprises with worldwide turnover of €750 million or more
The CbCRmanager can be used as a standalone tool or as an extension of the WTS TPmanager.
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