prop · H40347 · 2016-12-06 00:00:00 — 2.As regards to the application of this Agreement at any time by a Competent Authority of a Jurisdiction, any term not otherwise defined in this Agreement will, unless the context otherwise requires or the agree to a common meaning (as permitted by domestic law), have the meaning that it has at that time under the law of the Jurisdiction applying this Agreement, any meaning under the applicable tax laws of that Jurisdiction prevailing over a meaning given to the term under other laws of that Jurisdiction. Exchange of Information with Respect to Pursuant to the provisions of Article [5A] of the TIEA, each Competent Authority will annually exchange on an automatic basis the CbC Report received from each Reporting Entity that is resident for tax purposes in its Jurisdiction with the other Competent Authority, provided that, on the basis of the information provided in the CbC Report, one or more Constituent Entities of the of the Reporting Entity are resident for tax purposes in the Jurisdiction of the other Competent Authority or, are subject to tax with respect to the business carried out through a permanent situated in the Jurisdiction of the other Competent Authority. Time and of Exchange of Information 1.For the purposes of the exchange of information in Section 2, the currency of the amounts contained in the CbC Report will be specified. 2.with respect to Section 2, a CbC Report is first to be exchanged with respect to fiscal years of MNE Groups commencing on or after […]. Such CbC Report is to be exchanged as soon as possible and no later than 18 months after the last day of the fiscal year of the Reporting Entity of the to which the CbC Report relates. CbC Reports with respect to subsequent fiscal years are to be exchanged as soon as possible and no later than 15months after the last day of the fiscal year of the to which the CbC Report relates. 3.The Competent Authorities will automatically exchange the CbC Reports through a common schema in Extensible Markup Language. 4.The Competent Authorities will work towards and agree on one or more methods for electronic data transmission including encryption standards. Collaboration on Compliance and Enforcement A Competent Authority will notify the other Competent Authority when the first- mentioned Competent Authority has reason to believe, with respect to a Reporting Entity that is resident for tax purposes in the Jurisdiction of the other Competent Authority, that an error may have led to incorrect or incomplete information reporting or that there is non- compliance of a Reporting Entity with the respect to its obligation to file a CbC Report. TRANSFER PRICING DOCUMENTATION AND COUNTRY-BY-COUNTRY REPORTING © 2015 68 – ANNEx Iv TO ChAPTER v. COUNTRY-BY-COUNTRY REPORTING IMPLEMENTATION PACKAGE The notified Competent Authority will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice. Confidentiality, Data Safeguards and Appropriate Use All information exchanged is subject to the confidentiality rules and other safeguards provided for in the TIEA, including the provisions limiting the use of the information exchanged. In addition to the restrictions in paragraph 1, the use of the information will be further limited to the permissible uses described in this paragraph. In particular, information received by means of the CbC Report will be used for assessing high-level transfer pricing, base erosion and profit shifting related risks, and, where appropriate, for economic and statistical analysis. The information will not be used as a substitute for a detailed transfer pricing analysis of individual transactions and prices based on a full functional analysis and a full comparability analysis. It is acknowledged that information in the CbC Report on its own does not constitute conclusive evidence that transfer prices are or are not appropriate and, consequently, transfer pricing adjustments will not be based on the CbC Report. Inappropriate adjustments in contravention of this paragraph made by local tax administrations will be conceded in any competent authority proceedings. Notwithstanding the above, there is no prohibition on using the CbC Report data as a basis for making further enquiries into the MNE’s transfer pricing arrangements or into other tax matters in the course of a tax audit and, as a result, appropriate adjustments to the taxable income of a Constituent Entity may be made. To the extent permitted under applicable law, each Competent Authority will notify the other Competent Authority immediately regarding of any cases of non-compliance with the paragraphs 1 and 2 of this Section, including any remedial actions, as well as any measures taken in respect of non-compliance with the above-mentioned paragraphs. 1.In case an adjustment of the taxable income of a Constituent Entity, as a result of further enquiries based on the data in the CbC Report, leads to undesirable economic outcomes, including if such cases arise for a specific business, both shall consult each other and discuss with the aim of resolving the case. 2.If any difficulties in the implementation or interpretation of this Agreement arise, either Competent Authority may request consultations with of the other Competent Authority to develop appropriate measures to ensure that this Agreement is fulfilled. In particular, a Competent Authority shall consult with the other Competent Authority before the first-mentioned Competent Authority determines that there is a systemic failure to exchange CbC Reports with the other Competent Authority. TRANSFER PRICING DOCUMENTATION AND COUNTRY-BY-COUNTRY REPORTING © 2015 ANNEx Iv TO ChAPTER v. COUNTRY-BY-COUNTRY REPORTING IMPLEMENTATION PACKAGE – 69 This Agreement may be amended by consensus by written agreement of the . Unless otherwise agreed upon, such an amendment is effective on the first day of the month following the expiration of a period of one month after the date of the last signature of such written agreement. 1.This Agreement will come into effect on […/the date of the later of the notifications provided by each Competent Authority that its Jurisdiction either has the necessary laws in place to require Reporting Entities to file a CbC Report]. 2.A Competent Authority may temporarily suspend the exchange of information under this Agreement by giving notice in writing to the other Competent Authority that it has determined that there is or has been significant non-compliance by the other Competent Authority with this Agreement. Before making such a determination, the first-mentioned Competent Authority shall consult with the other Competent Authority. For the purposes of this paragraph, significant non-compliance means non-compliance with paragraphs 1 and 2 of Section 5 and paragraph 1 of Section 6 of this Agreement and the provisions of the TIEA referred to therein, as well as a failure by the Competent Authority to provide timely or adequate information as required under this Agreement. A suspension will have immediate effect and will last until the second-mentioned Competent Authority establishes in a acceptable to both that there has been no significant non-compliance or that the second-mentioned Competent Authority has adopted relevant measures that address the significant non-compliance. 3.Either Competent Authority may terminate this Agreement by giving notice of termination in writing to the other Competent Authority. Such termination will become effective on the first day of the month following the expiration of a period of 12 months after the date of the notice of termination. In the event of termination, all information previously received under this Agreement will remain confidential and subject to the terms of the TIEA. Signed in duplicate in […] on […]. [Jurisdiction A] [Jurisdiction B] TRANSFER PRICING DOCUMENTATION AND COUNTRY-BY-COUNTRY REPORTING © 2015 (2014), Standard for Account Information in Tax Matters, , , . (2013), Action Plan on Base Erosion and Profit Shifting, , , . (2012), it Safe: on the protection of confidentiality of information exchanged for tax purposes, , , /ctp/ exchange-of-tax-information/keeping-it-safe-report.pdf. (2010), Transfer Pricing and 2010, , , . TRANSFER PRICING DOCUMENTATION AND COUNTRY-BY-COUNTRY REPORTING © 2015 ORGANISATION FOR ECONOMIC CO-OPERATION The is a unique forum where governments work together to address the economic, social and environmental challenges of globalisation. The is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The member countries are: , , , , , the , , , , , , , , , , , , , , , , the , , , , , the Slovak Republic, , , , , , the and the . Union takes part in the work of the . disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members. PUBLISHING, 2, , 75775 CEDEX 16 (23 2015 38 1 P) – 2015 /G20 Base Erosion and Addressing base erosion and profit shifting is a key priority of governments around the globe. In 2013, countries, working together on an equal footing, adopted a 15-point Action Plan to address BEPS. This report is an output of Action 13. Beyond securing revenues by realigning taxation with economic activities and value creation, the /aims to create a single set of consensus-based international tax rules to address BEPS, and hence to protect tax bases while offering increased certainty and predictability to taxpayers. A key focus of this work is to eliminate double non-taxation. However in doing so, new rules should not result in double taxation, unwarranted compliance burdens or restrictions to legitimate cross-border activity. Chapter V of the Transfer Pricing Guidelines on Documentation to Chapter V. Transfer pricing documentation – file to Chapter V. Transfer pricing documentation – Local file to Chapter V. Transfer pricing documentation – Country-by-Country Report to Chapter V. Country-by-Country Reporting Implementation Package /tax/beps.htm Consult this publication on line at . This work is published on the iLibrary, which all books, periodicals and statistical databases. Visit for more information. 23 2015 38 1 P MULTILATERAL COMPETENT AUTHORITY AGREEMENT ON THE EXCHANGE OF COUNTRY-BY-COUNTRY REPORTS Whereas, the jurisdictions of the signatories to the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (the “Agreement”) are Parties of, or territories covered by, the Convention on Mutual Administrative Assistance in Tax Matters or the Convention on Mutual Administrative Assistance in Tax Matters as amended by the Protocol (the “Convention”) or have signed or expressed their intention to sign the Convention and acknowledge that the Convention must be in force and in effect in relation to them before the automatic exchange of Country-by-Country (CbC) Reports takes place; Whereas, a country that has signed or expressed its intention to sign the Convention will only become a Jurisdiction as defined in Section 1 of this Agreement once it has become a Party to the Convention; Whereas, the jurisdictions to increase international tax transparency and improve access of their respective tax authorities to information regarding the global allocation of the income, the taxes paid, and certain indicators of the location of economic activity among tax jurisdictions in which () Groups operate through the automatic exchange of annual CbC Reports, with a view to assessing high-level transfer pricing risks and other base erosion and profit shifting related risks, as well as for economic and statistical analysis, where appropriate; Whereas, the laws of the respective Jurisdictions require or are expected to require the Reporting Entity of an to annually file a CbC Report; Whereas, the CbC Report is intended to be part of a three-tiered structure, along with a global file and a local file, which together represent a standardised approach to transfer pricing documentation which will provide tax administrations with relevant and reliable information to perform an efficient and robust transfer pricing risk assessment analysis; Whereas, Chapter III of the Convention authorises the exchange of information for tax purposes, including the exchange of information on an automatic basis, and allows the competent authorities of the Jurisdictions to agree on the scope and modalities of such automatic exchanges; Whereas, Article 6 of the Convention provides that two or more Parties can mutually agree to exchange information automatically, albeit that the actual exchange of the information will take place on a bilateral basis between the ; Whereas, the Jurisdictions will have, or are expected to have in place by the time the first exchange of CbC Reports takes place, (i) appropriate safeguards to ensure that the information received pursuant to this Agreement remains confidential and is used for the purposes of assessing high-level transfer pricing risks and other base erosion and profit shifting related risks, as well as for economic and statistical analysis, where appropriate, in accordance with Section 5 of this Agreement, (ii) the infrastructure for an effective exchange relationship (including established processes for ensuring timely, accurate, and confidential information exchanges, effective and reliable communications, and capabilities to promptly resolve questions and concerns about exchanges or requests for exchanges and to administer the provisions of Section 4 of this Agreement) and (iii) the necessary legislation to require Reporting Entities to file the CbC Report; ACCORD MULTILATÉRAL ENTRE AUTORITÉS COMPÉTENTES PORTANT SUR L’ÉCHANGE DES DÉCLARATIONS PAYS PAR PAYS Considérant que les juridictions des signataires de l’Accord multilatéral entre autorités compétentes concernant l’échange de déclarations pays par pays (l’« Accord ») sont des Parties à la Convention concernant l’assistance administrative mutuelle en matière fiscale ou à cette même Convention concernant l’assistance administrative mutuelle en matière fiscale telle qu’amendée par le Protocole (la « Convention »), ou des territoires couverts par cette Convention, ou ont signé ou exprimé leur intention de et reconnu que la Convention doit être en vigueur et avoir pris effet à leur égard avant le début de l’échange automatique des déclarations pays par pays ; Considérant qu’un pays qui a signé ou exprimé son intention de ne deviendra une Juridiction telle que définie à la section 1 du présent Accord que lorsqu’il sera devenu Partie à la Considérant que les juridictions veulent accroître la transparence fiscale internationale et améliorer l’accès de leurs administrations fiscales respectives aux informations concernant la répartition mondiale des bénéfices, des impôts payés et certains indicateurs de localisation de l’activité économique entre juridictions fiscales dans lesquelles les groupes d’entreprises multinationales exercent leurs activités, grâce à l’échange automatique de déclarations pays par pays annuelles, dans le but de procéder à une évaluation générale des risques liés aux prix de transfert et d’autres risques d’érosion de la base d’imposition et de transfert de bénéfices, y compris le cas échéant à des fins d’analyse économique et statistique ; Considérant que les lois des Juridictions respectives imposent ou devraient imposer à l’entité déclarante d’un groupe d’entreprises multinationales de déposer chaque année une déclaration pays Considérant que la déclaration pays par pays fera partie d’une structure à trois niveaux, avec le fichier principal mondial et le fichier local, qui ensemble représentent une approche standardisée de la documentation des prix de transfert et fourniront aux administrations fiscales des informations fiables et pertinentes pour effectuer une analyse efficace et robuste des risques liés aux prix de transfert ; Considérant que le chapitre III de la Convention autorise l’échange de renseignements à des fins fiscales, y compris de manière automatique, et autorise les autorités compétentes des Juridictions à définir la portée et les modalités de ces échanges automatiques ; Considérant que l’article 6 de la Convention prévoit que deux Parties ou plus peuvent convenir mutuellement d’échanger automatiquement des renseignements même si l’échange des renseignements proprement dit s’effectuera sur une base bilatérale entre autorités compétentes ; Considérant que les Juridictions ont mis en place ou devraient avoir en place lors du échange des déclarations pays par pays (i) les protections adéquates pour faire en sorte que les renseignements reçus conformément à cet Accord restent confidentiels et soient utilisés dans le seul but de procéder à une évaluation générale des risques liés aux prix de transfert et d’autres risques d’érosion de la base d’imposition et de transfert de bénéfices, y compris le cas échéant à des fins d’analyse économique et statistique, conformément à la section 5 du présent Accord, (ii) les infrastructures nécessaires à un échange efficace (y compris les processus garantissant un échange de renseignements en temps voulu, exact et confidentiel, des communications efficaces et fiables, et les moyens permettant de résoudre rapidement les questions et préoccupations relatives aux échanges ou aux demandes d’échanges et d’appliquer les dispositions de la section 4 du présent Accord) et (iii) la législation nécessaire pour imposer aux entités déclarantes de déposer une déclaration pays par pays ; Whereas the Jurisdictions are committed to discuss with the aim of resolving cases of undesirable economic outcomes, including for individual businesses, in accordance with paragraph 2 of Article 24 of the Convention, as well as paragraph 1 of Section 6 of this Agreement; Whereas mutual agreement procedures, for instance on the basis of a double tax convention concluded between the jurisdictions of the , remain applicable in cases where the CbC Report has been exchanged on the basis of this Agreement; Whereas, the of the jurisdictions intend to conclude this Agreement, without prejudice to national legislative procedures (if any), and subject to the confidentiality and other protections provided for in the Convention, including the provisions limiting the use of the information exchanged thereunder; Now, therefore, the have agreed as follows: 1.For the purposes of this Agreement, the following terms have the following meanings: a.the term “Jurisdiction” means a country or a territory in respect of which the Convention is in force and is in effect, either through ratification, acceptance or approval in accordance with Article 28, or through territorial extension in accordance with Article 29, and which is a signatory to this Agreement; b.the term “Competent Authority” means, for each respective Jurisdiction, the persons and authorities listed in of the Convention; c.The term “Group” means a collection of enterprises related through ownership or control such that it is either required to prepare consolidated financial statements for financial reporting purposes under applicable accounting principles or would be so required if equity interests in any of the enterprises were traded on a public securities exchange; d.the term “() Group” means any Group that (i) includes two or more enterprises the tax for which is in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent in another jurisdiction, and (ii) is not an ; e.the term “” means a Group that is not required to file a CbC Report on the basis that the annual consolidated group revenue of the Group during the fiscal year immediately preceding the reporting fiscal year, as reflected in its consolidated financial statements for such preceding fiscal year, is below the threshold defined in domestic law by the Jurisdiction and being consistent with the 2015 Report, as may be amended following the 2020 review contemplated therein; f.the term “Constituent Entity” means (i) any separate business unit of an that is included in the consolidated financial statements for financial reporting purposes, or would be so included if equity interests in such business unit of an were traded on a public securities exchange (ii) any separate business unit that is excluded from the ’s consolidated financial statements solely on size or materiality grounds and (iii) any permanent of any separate business unit of the MNE Group included in (i) or (ii) above provided the business unit prepares a separate financial statement for such permanent for financial reporting, regulatory, tax reporting or internal management control purposes; Considérant que les Juridictions sont prêtes à dialoguer dans le but de résoudre les cas de résultats économiques indésirables, y compris pour les entreprises en particulier, conformément au paragraphe 2 de l’article 24 de la Convention et au paragraphe 1 de la section 6 du présent Accord ; Considérant que les procédures amiables, prévues par exemple par une convention de double imposition conclue entre les juridictions des autorités compétentes, restent applicables dans les cas où la déclaration pays par pays a été échangée en vertu de cet Accord ; Considérant que les autorités compétentes des juridictions ont l’intention de conclure cet Accord, sans préjudice des procédures législatives nationales éventuelles, et sous réserve de la confidentialité et des garanties prévues par la Convention, y compris les dispositions qui limitent l’utilisation des renseignements échangés en vertu de cet Accord ; Les autorités compétentes sont dès lors convenues des dispositions suivantes : 1.Aux fins du présent Accord, les expressions et termes suivants ont le sens défini ci-après : a.Le terme « Juridiction » désigne un pays ou un territoire pour lequel la Convention est en vigueur et a pris effet par ratification, acceptation ou approbation conformément à l’article 28, ou par extension territoriale conformément à l’article 29, et qui est signataire du présent Accord ; b.L’expression « autorité compétente » désigne, pour chaque Juridiction respective, les personnes et autorités énumérées à l’Annexe B de la Convention ; c.Le terme « groupe » désigne un ensemble d’entreprises liées en vertu de la structure de propriété ou de contrôle, tenu à ce titre d’établir des états financiers consolidés conformes aux principes comptables applicables à des fins d’information financière, ou qui serait tenu de le faire si des participations dans l’une ou l’autre de ces entreprises étaient cotées en bourse ; d.L’expression « groupe d’entreprises multinationales » désigne tout groupe qui (i) comprend deux entreprises ou plus, dont la résidence fiscale se trouve dans des juridictions différentes, ou qui comprend une entreprise dont la résidence fiscale se trouve dans une juridiction mais qui est soumise à l’impôt dans une autre juridiction au titre des activités exercées par le biais d’un établissement stable, et (ii) qui n’est pas un groupe d’entreprises multinationales exclu ;