Country-by-Country Reporting CbCR

In 2015, the Organization for Economic Co-operation and Development (OECD) released the Base Erosion and Profit Shifting (BEPS) Action 13 Report which established the annual Country-by-Country Reporting (CbCR) guidelines for multinational enterprises (MNEs) in the attempt to address the lack of data and transparency on corporate taxation and firm tax avoidance strategies. These guidelines stipulate that MNEs with EUR 750 million will provide annually and for each tax jurisdiction in which they do business the amount of revenue, profit before income tax and income tax paid and accrued. It also requires MNEs to report their number of employees, stated capital, retained earnings and tangible assets in each tax jurisdiction. Harvard University and all its legal affiliated/consolidated entities are considered as a MNE Group for CbCR filing purposes because of its global footprint. Harvard University, as an educational institution in the US, is not subject to CbCR filing in US. However, the university presence in some countries such as India, Australia, UK, and Italy has required that we file CbCR.

If you have any questions regarding Harvard University CbCR filing, please contact Yvan Maniraguha Kywala at yvan_kywala@harvard.edu.