Is your company’s global turnover over 750 million? Then CbCR is a must!
We’ll handle CbCR for you, delivering the accurate data and insights you need to make this whole process as smooth and stress-free as possible.
CbCR itself does not seem like a huge task but appearances are deceptive. There is a lot more work involved regarding CbCR taking into account the risk analysis. When it comes to managing CbCR, you might run into a few hurdles along the way, such as:
Not having a risk assessment in place could lead to a false presentation of information and consistency with other documentation. CbCR is used by tax authorities as a first risk indication for an audit. it’s definitely better to play it safe and perform this analysis yourself!
If you’re not familiar with the technical requirements of CbCR you may present the wrong figures or end up with the wrong report format. Once it’s out there, you can’t take it back.
Not having enough time to file your report before the deadline can definitely put you in a tricky spot resulting in fines. Embedding your CbCR process into software makes it easy to repeat the process every year.
Sadly, CbCR can’t be avoided—it’s an annual requirement for large groups. At Coperitas we can help you with the setup of the CbCR report, analysing potential risks, and filing of the report to the tax authorities.
Coperitas takes the weight off your shoulders with the three biggest tasks of CbCR:
Analyzing Risks
We analyze your CbCR figures for any inconsistencies or potential risks—things that could catch the attention of tax authorities and lead to an audit. The results are neatly presented in a practical, easy-to-use dashboard, so you can stay on top of things.
Transforming Data
CbCR needs to be filed in a specific format, and those requirements can change over time. We take your data and transform it into the exact format needed, saving you time and ensuring everything’s up to standard.
Filing in Specific Countries
CbCR must be filed in the country where your group’s ultimate or designated parent is located. Coperitas can handle this filing for you seamlessly. And if it’s not yet part of your local compliance efforts, we can also take care of CbC notifications in every country where your organization operates.
Can I include CbCR data in Coperitas?
Yes, Upload your CbCR data in Coperitas and perform risk analysis on the most common checks performed by tax authorities before filing the CbCR.
Can I perform risk analysis on my CbCR data?
Yes, it is possible to set up analytic ratios for risk analysis purposes. These can be visualized as well.
