EU seeks input on the ATAD and public CbCR reporting formats
|Tax Alerts, Information Reporting, Legis ...|European Union
The European Commission has initiated a comprehensive evaluation of the ATAD to assess its effectiveness, with a focus on its implementation across EU Member States and its alignment with the recent Minimum Tax Directive.
A draft implementing regulation for public CbCR has been released, proposing standardized reporting formats and templates to enhance tax transparency, with a requirement for XHTML and Inline XBRL to enhance accessibility and comparability of financial data across the EU.
Stakehol…
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