Under the European Union (EU) PCbCR Directive, certain multinational enterprise (MNE) groups operating in the EU 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 noncooperative 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 MNE groups in scope. The EU PCbCR Developments Tracker provides an overview of the Directive and how each EU Member State and European Economic Area (EEA) country is implementing the Directive. It is designed to help you see at a glance early adopters, commonalities and deviations.
For more information, contact your EY engagement team or the jurisdiction contact located on page 9.
