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What is cno oa ft is?

CNO OA FT IS stands for 'Country-by-Country Reporting' which is a requirement under Base Erosion and Profit Shifting (BEPS) initiative to prevent tax avoidance by multinational companies.

Who is required to file cno oa ft is?

Multinational companies with annual consolidated revenue exceeding a certain threshold are required to file CNO OA FT IS.

How to fill out cno oa ft is?

CNO OA FT IS is typically filled out electronically through a specific reporting template provided by tax authorities.

What is the purpose of cno oa ft is?

The purpose of CNO OA FT IS is to provide tax authorities with information about the global allocation of income, taxes paid, and certain indicators of economic activity among tax jurisdictions in which multinational companies operate.

What information must be reported on cno oa ft is?

Information such as revenues, profits, taxes paid, stated capital, accumulated earnings, number of employees, and tangible assets must be reported on CNO OA FT IS.