Use Existing System Data to Optimize BEPS CbC Reporting

Why start from square one when the foundation for BEPS reporting is already in Corptax? Compliance and Transfer Pricing teams appreciate using Corptax data to deliver consistent reporting across U.S. filings and financial reporting. Clients also value the ability to “leverage what we’ve done, so we can get down to analyzing the data, which is what we want…what the world will see when we submit our country-by-country report.”

Improve planning for new BEPS CbC reporting. Download a PDF to learn how Corptax Professional Services will help.

Get ready for public disclosure of CbC reporting. Watch a 5-minute video on next steps.

Ensure an accurate reflection of your organization

The ability to review data at the transactional level helps you easily consolidate for downstream reporting and eliminate repopulating and reconfiguring external data.

  • Import, export, and access consistent domestic/foreign data at the touch of a button
  • Automatically populate the CbC report with entity information, including business characteristics
  • Automatically aggregate Table/Part 1 amounts with data residing in the system, including revenue, profits, capital, and tangible assets
  • Organize and view tax data by entity, jurisdiction, and reporting region to facilitate analytics and planning

Generate data analytics with real-time, refreshable data

Corptax BEPS CbC allows you to generate analytics for current year, year-over-year, and multi-year comparisons with real-time connections to Corptax reports. Use information stored at entity and jurisdictional levels to model hypothetical results of transfer pricing policies and understand risk.

Use the standard BEPS CbC Reporting Data Analytics template to review your CbC report by entity and see current year summary visualizations, including revenue by employee, PTBI over Taxes Paid/Accrued, and more. Users can also build custom reports and analytics to meet specific reporting needs.

The requirement for public CbC reporting takes effect soon. Will you be ready? Talk it through with a Corptax Professional Services tax technology expert.

New! Use Corptax Global Minimum Tax (GMT) to manage the OECD’s Pillar Two 15% GMT. Understand how your organization could be affected and share data and results with internal/external stakeholders. Learn more.

For additional insights, check out these related resources:

Clients on Corptax

The starting point and foundation for BEPS reporting is already in Corptax.

Manager of Tax Systems, Data Management, and Administration The Kraft Heinz Company

With data we need for BEPS ready and waiting in Corptax Compliance, our team didn’t have the pain of learning and using a separate system.

Brandon April, Director of Global Tax Reporting and Audit Grainger

Learn More from Corptax