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PRINTED: 12/14/2022 FORM APPROVEDDivision of Health Service Regulation STATEMENT OF DEFICIENCIES AND PLAN OF CORRECTION(X1) PROVIDER/SUPPLIER/CIA IDENTIFICATION NUMBER:(X2) MULTIPLE CONSTRUCTION A.
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What is c r e s?
C R E S stands for Country-by-Country Reporting and is a requirement for multinational companies to report their revenue, profit, taxes paid, and other key information in each country they operate.
Who is required to file c r e s?
Multinational companies with an annual revenue above a certain threshold are required to file C R E S.
How to fill out c r e s?
C R E S can be filled out electronically through the designated tax authority's online portal. The company needs to provide detailed financial information for each country they operate in.
What is the purpose of c r e s?
The purpose of C R E S is to increase transparency and prevent tax avoidance by multinational companies.
What information must be reported on c r e s?
Companies need to report revenue, profit, taxes paid, number of employees, and other key financial information for each country they operate in.
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