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ACPEUCooperationProgrammeinHigherEducation(EDUCING) AprogrammeoftheACPGroupofStates, withthefinancial assistanceoftheEuropeanUnion. Activity4Deliverable:Synthesisandevaluationofthecollecteddata Title:ReportpreparedforthewastemanagementinPapuaNewGuinea
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CODWAP stands for Country-by-Country Report (CbCR) and is a requirement under the Base Erosion and Profit Shifting (BEPS) initiative.
Multinational companies with a presence in participating jurisdictions are required to file a CODWAP report.
CODWAP reports are typically filled out using the template provided by the tax authorities of the jurisdiction where the company is headquartered.
The purpose of CODWAP is to provide tax authorities with information about the global allocation of a multinational company's income, taxes paid, and economic activity.
Information such as the company's revenue, profits, taxes paid, employee headcount, and assets in each jurisdiction where it operates must be reported on CODWAP.
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