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Received Feller AL ELECTION CGR; !SS!ON o COVINGTON & BURNING LLP IrBElJiNfi BRUSSELS LONDON NEW YORK SAN DIEGO.:SAN FRANCISCO SEOULSHANGHAI SILICON VALLEYWASHINGTONf. 1; i M fl “.) i. NFL '.till
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Inclusive Framework on BEPS (BEPS IF) is a group of countries and jurisdictions working together on the implementation of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Package.
Countries and jurisdictions that are part of the Inclusive Framework on BEPS are required to file IFI reports.
IFI reports can be filled out electronically through the OECD's online submission portal.
The purpose of IFI is to facilitate the exchange of information between tax authorities to combat tax avoidance and evasion.
IFI reports include information on multinational companies' revenues, profits, taxes paid, and other relevant financial data.
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