Australian Tax Office Explains Detailed Design Of CbC Reports

The Australian Taxation Office (ATO) released additional guidance with an overview of the detailed design of the local file / master file. The guidance addresses IT specifications for software developers to use in business management software to enable the generation of a valid XML file.

XML Schema

ATO informed that it developed a combined local file / master file XML schema, so the master file must be attached to the combined submission. The local file / master file XML schema comprises:

  • statement information for basic information relating to the statement being submitted;
  • intermediary information relating to an intermediary lodging on your behalf;
  • entity information about the reporting entity, and (where applicable) the global parent entity (if they are different entities);
  • statement lodgement criteria with details on the contents of the lodgement (i.e. which statements are included);
  • local file including the short form, Part A and Part B of the local file;
  • declarations that are standard for the intermediary and the reporting entity.

CbC Report

The design of the local file / master file XML schema allows for separate submissions of the three components of the local file and the master file. While the local/master file XML schema contains questions in relation to the lodgement of the Country-by-Country (CbC) report, the CbC report itself must be lodged separately in accordance with the OECD XML schema (v1.0). For more detailed information, see the source.

Sources:  ATO

We Provide Solutions - Let's Talk Business!

Global Events & Webinars

Global Tax Controversy - Workshop for Corporates
Global Event - Thursday, June 21, 2018 | 9:00 AM - 6:00 PM (CET)

How Much Automation Of Tax Flows Is Possible?
Webinar - Thursday, June 28, 2018 | 4:00 PM - 5:00 PM (CET)

TPA Global Solutions Pack

“One-Stop” Outbound Investment Service to Europe

With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.



Download Leaflet

CFO's Journey from 'Staying Out Of Trouble' to being 'Fully In Control'

TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):

Roadmap for CFO's

Copyright © 2018
Transfer Pricing Associates BV.
All rights reserved.

H.J.E. Wenckebachweg 210
1096 AS Amsterdam
T: +31 20 462 3530