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RESTRICTED WHEN COMPLETED DRINK/DRUGS STATION PROCEDURE GENERAL Form MG DD/A Version 5.2.1 Dec 2012 A1 SUBJECT SURNAME .......................................................................... Forename(s)
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MGDD stands for 'Multinational Group Designated Data'. It is a reporting requirement for multinational companies to provide information about their group's financial and tax-related data.
Multinational companies that meet certain criteria, such as having annual consolidated group revenue exceeding a specified threshold, are required to file the MGDD report.
Filling out the MGDD report involves gathering relevant financial and tax-related data of the multinational group, completing the required forms, and submitting it to the appropriate tax authority.
The purpose of MGDD is to help tax authorities gather information about the global operations and financial activities of multinational companies, aiming to prevent tax evasion and ensure proper taxation.
The MGDD report typically includes details on the multinational group's revenue, profit/loss, taxes paid, capital, assets, employees, and other relevant financial and tax-related information.
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