12/10/2023 0 Comments Oecd transfer pricing guidelines![]() For all other taxpayers, the reassessment period is four years from the original notice of assessment. In general, the CRA can reassess tax returns for individuals, trusts and Canadian-controlled private corporations within three years from the original notice of assessment. Late filing, not filing, making false statements or omitting information from returns may result in penalties. See Guide RC4651, Guidance on Country-by-Country Reporting in Canada to assist you in completing the report.See Form RC4649, Country-by-Country Report to determine if it applies to your operations.Multinational enterprise groups with more than €750 million in consolidated group revenue in the immediately preceding fiscal year have to file a CbC Report, which is due 12 months after the last day of the reporting fiscal year. ![]() The CbC report is a template for multinational enterprise groups to report annually for each tax jurisdiction where they do business. The Income Tax Act sets out Canada's legislation on country-by-country (CbC) reporting.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |