On 11 November 2021, the European Parliament gave its final green light to introduce public Country-by-Country reporting obligations in the European Union. Member States will have 18 months to transpose the obligations into their national laws. Based on the latest wording of the Directive, this means that certain multinationals will need to comply with the new rules by mid-2024. We also refer to our article of 20 October 2020.
To prepare for the new obligations, Maurice van Klaveren and Daniël van der Vliet summarise the most important things you need to know in the video below.
If, after watching the video, you would like to know more about the public EU CbC reporting obligations, please do not hesitate to contact our experts.