๐ Global Tax Brief: OECD CbC Reporting Errors, BEPS in Hong Kong & DAC8 in Denmark
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World Tax News brings you the latest global tax developments. This weekโs highlights: the OECD reports common errors in MNE Country-by-Country (CbC) reporting, Hong Kong implements BEPS 2.0 rules, and Denmark adopts DAC8 crypto tax measures. ๐งพ OECD Reports Common Errors in CbC Reporting The OECD has issued a comprehensive report detailing frequent mistakes found in CbC reports filed by Multinational Enterprise (MNE) groups. ๐ Read the full OECD report (PDF) Key Issues Identified: Duplicate or missing Tax Identification Numbers (TINs) Using multiple currencies instead of one Mismatched related/unrelated party revenue totals Inappropriate inclusion of intra-group dividends in profit Omission of non-consolidated but reportable entities These errors can lead to audit triggers, penalties, and cross-border tax risks. ๐ผ Need help with your CbC compliance? Visit Laudable Legal Solutions for expert consultation on MNE tax reporting. ๐ญ๐ฐ Hong Kong Adopts ...