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6 January 2017Global Tax Alert News from Americas Tax Center and Transfer Pricing Chile establishes CountrybyCountry Reporting Global Tax Alert Library The EY Americas Tax Center brings together the
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First, gather all the required information about the country you are establishing a business in.
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Chile establishes country-by-country reporting to provide tax authorities with information on the global allocation of income, taxes paid, and economic activity of multinational enterprises.
Multinational enterprises operating in Chile are required to file the country-by-country report.
The country-by-country report must be filled out electronically through the tax authority's website, providing detailed information on the global operations of the multinational enterprise.
The purpose of the country-by-country report is to enable tax authorities to assess transfer pricing risks, base erosion and profit shifting activities, and ensure transparency in the international tax system.
The country-by-country report must include information on the multinational enterprise's revenue, profits, taxes paid, tax liabilities, capital, employees, and activities in each country of operation.
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