EU adopts Public Country by Country Reporting (CbCR) directive

Published on: 12 November 2021

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Specialist Tax Regulatory Materials

Article summary

The European Parliament has formally adopted a directive to amend the Accounting directive 2013/34/EU. The Directive will enter into force 20 days after publication in the Official Journal. Member states will have 18 months to transpose the law meaning that businesses are expected to need to comply with the first provisions of the directive by the middle of 2024.

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