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2004IAD 10 16 2005 3 90 5,000
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What is coco?
Coco stands for Country-by-Country Reporting, which is a requirement for multinational enterprises to provide information about their global allocation of income, taxes paid, and economic activity.
Who is required to file coco?
Multinational enterprises with annual consolidated group revenue exceeding a certain threshold are required to file coco.
How to fill out coco?
Coco is usually filled out electronically in a specific format provided by tax authorities.
What is the purpose of coco?
The purpose of coco is to increase transparency and prevent base erosion and profit shifting by providing tax authorities with information about the global activities of multinational enterprises.
What information must be reported on coco?
Information such as the amount of revenue, taxes paid, and number of employees in each tax jurisdiction where the multinational enterprise operates.
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