Tapping into the burgeoning BFSI market
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FinTech Consulting Services
Leveraging our FinTech Consulting experience, we employ our proven approach in process reviews, tech risk management, and third-party audits for Indian financial services clients.
The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
Transfer Pricing
Action 13: Transfer Pricing Documentation and Country by - Country Reporting
19 Apr 2016CbC report contains financial information pertaining to global allocations of revenue, profit, taxes, etc. within the members of large multinational groups spread across various tax jurisdictions. It aims at empowering the tax authorities to conduct robust and effective risk assessments. The said information is to be exchanged between jurisdictions where the multinational group has taxable presence.
Our publication “Action 13: Transfer Pricing Documentation and Country-by-Country Reporting – Outlook Paper” discusses the proposed change, its genesis, global developments, and its impact. Following are the key highlights of this report are:
- Brief background of G-20 and OECD’s BEPS initiative;
- Overview of OECD’s final report on Action 13;
- Snapshot of the Budget 2016’s proposal made with regard to new documentation requirements;
- Summary of the global developments on implementation of CbC reporting;
- Quick review of the possible impact of CbC reporting on India; and
Preliminary recommendations to prepare large multinationals for the change.
Also appears under...
