Aibidia CbC Reporting and Risk Analysis tool launched

Aibidia CbC Reporting and Risk Analysis tool launched

Aibidia CbC Reporting and Risk Analysis tool launched

Last year, Aibidia delivered the CbC report in electronic XML format to several MNEs. We also implemented a full CbC reporting solution to one of Finland’s biggest MNEs integrating it to the customer’s ERP Systems. Now, we have taken the next step and developed a cloud-based CbC Reporting and Risk Analysis tool that any TP professional can use by him/herself. The tool not only allows one to convert the data to XML format with a click of a button but it also gives visibility to the potential risks of the company’s tax position. Our tool includes interactive dashboards of CbC data in grid and visualized formats as well as various CbC risk analytics. Thanks to this, MNEs can considerably reduce the risk of tax inspections and other further data inquiries by explaining proactively in the CbC report the business reasons behind possible “red flags”. These could be, for example, low effective tax rate or unusually high profit per employee in a country. This kind of proactivity is strongly encouraged in OECD’s own CbC risk analytics communication as it will save resources for both the MNEs and the tax authorities who use CbC report as a first stage risk analysis tool in allocating inspection resources.

Learn more about Aibidia CbC Reporting and Risk Analysis tool here.

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