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GALVESTON COUNTY CONSOLIDATED DRAINAGE DISTRICT (GCC DD)DRAINAGE CRITERIA MANUALApproved: September 22, 2009, Effective: September 25, 2009LENTZ ENGINEERING, L.C. CONSULTING ENGINEERING AND PLANNERS 4710
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GCCDD stands for Global Country-by-Country Reporting. It is a requirement for multinational enterprises to report their income, taxes paid, and other indicators on a country-by-country basis.
Multinational enterprises with consolidated group revenue exceeding a certain threshold are required to file GCCDD.
GCCDD can be filled out electronically through the designated portal or software provided by the tax authority.
The purpose of GCCDD is to enhance tax transparency and combat tax avoidance by providing tax authorities with information on the global allocation of income and taxes paid by multinational enterprises.
GCCDD requires reporting of income, taxes paid, employees, assets, and other indicators on a country-by-country basis for each jurisdiction where the multinational enterprise operates.
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