Country-by-Country Reporting News & Information

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Country-by-Country Reporting News & Information August 11, 2017

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Issue Number:  2017-2

Inside This Issue

  1. IRS is now accepting Form 8975, Country-by-Country Report

1.  IRS is now accepting Form 8975, Country-by-Country Report

Parent entities of U.S. multinational enterprise (MNE) groups with $850 million or more of revenues in a previous annual reporting period can now file Form 8975, Country-by-Country Report, with their annual income tax return. Form 8975, and attached Schedules A, will report a U.S. MNE group’s income, taxes paid, and other indicators of economic activity on a country-by-country basis.

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