Navigating EU and Australian public CbCR rules for US groups

Host: Beth Mueller, partner, Deloitte Tax LLP

Presenters: Matej Cresnik, principal, Deloitte Tax LLP
                      Andreas Kowallik, partner, Deloitte GmbH
                      Sharon Murray, partner, Deloitte Touche Tohmatsu
                      Priscilla Ratilal, partner, Deloitte Touche Tohmatsu

1.0 Overview CPE credit | Taxes

Key takeaways

Many US-based multinational groups already (or will soon) face new external income tax reporting obligations under the EU and/or Australian public country-by-country reporting (CbCR) rules, effective for fiscal years starting in 2025. These requirements introduce public disclosure of jurisdictional income tax data and other information, creating significant compliance and reputational considerations for organizations. We’ll discuss:

• Scope and timeline of EU and Australian public CbCR requirements for US-based groups
• Key public income tax disclosure obligations and their implications
• Practical steps for preparing for the first external reporting cycle
• Key considerations for a communication strategy and approach