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2 c b a stands for Country-By-Country Reporting and is a reporting standard for multinational corporations to provide tax authorities with information about their global allocation of income, taxes paid, and other indicators of economic activity.
Multinational corporations with annual consolidated group revenue equal to or exceeding a certain threshold are required to file 2 c b a.
To fill out 2 c b a, multinational corporations need to provide detailed information about their global operations, revenue, taxes paid, and other relevant financial data in the specified reporting template.
The purpose of 2 c b a is to increase transparency and provide tax authorities with insights into the global operations and tax obligations of multinational corporations to prevent tax avoidance and ensure fair tax practices.
Multinational corporations must report information about their global allocation of income, taxes paid, taxes accrued, business activities, and other indicators of economic activity on 2 c b a.
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