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Adult Protection SKIS User Guide May 2024ContentsIntroduction ........................................................................................................................................................
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CBSM stands for Country by Country Reporting, which is a tax reporting requirement for multinational companies to report their revenue, profit, taxes paid, and other indicators on a country-by-country basis.
Multinational companies with annual revenue above a certain threshold are required to file CBSM forms.
CBSM forms can be filled out electronically through the designated tax authority website or software provided by relevant authorities.
The purpose of CBSM forms is to increase transparency and prevent tax evasion by multinational companies through reporting key financial and tax information on a country-by-country basis.
Information such as revenue, profit, taxes paid, number of employees, and business activities conducted in each country must be reported on CBSM forms.
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