This post comes in 2 parts: Part 2.
8. Standardise the notification process: the notification deadlines, the notification content (the necessary, not the "I think it will be nice to haves"), and the xml schema (or better still an online pdf which can be filled in and filed from anywhere).
9. Ask for a style sheet that converts the xml file to be filed into a humanly readable document that looks more like Excel so taxpayers can verify that data did not get corrupted during the conversion of that data into xml. Again, if I can do this, so can the OECD and the governments.
10. Ask that countries install help desks with quick turnaround time (3 hours) for MNEs having difficulties with uploading their files.
11. Ask that countries publish and regularly update FAQs on their websites in at least English and that the English assistance is not less than the local assistance (for CbCR I have seen dead links, missing diagrams, outdated files compared to the local language versions).
12. When MNEs do file xml files with errors, allow them (standard procedure), to annul the whole previous filing and upload a whole new xml file in exactly the same was as the first one (same procedure, same everything, except an updated DocRefID). The current CbCR alternative of correcting post by post differs from country to country (again) and (again) over complicates things.
In short, ask that the xml conversion and filing is made as standard, and as simple as possible. P2 is difficult enough as is. The mere act of filing should not yet again become a cash cow for external service providers because of unnecessary complexity and diversion.
CbCR post https://lnkd.in/dERKdvsU?
🗣️ [HAVE YOUR SAY] OECD invites comments on a draft User Guide for the GloBE Information Return XML Schema.
In the framework of the Pillar Two project, the OECD is seeking public comments on a draft of the User Guide for the GloBE Information Return (GIR) XML Schema, a tool created to facilitate domestic GIR filings, wherever appropriate, and to be the technical format for exchanging GIR information between tax administrations.
🗓️ Deadline: 19 August 2024
ℹ️📘 More information and access to the public consultation document ➡️ https://oe.cd/5D3
#OECDhaveyoursay #OECDtax #OECD #tax #OECDP2 #GloBE #publicconsultation #internationaltax #taxtransparency #taxadministration #XMLschema #taxpolicy
Tax Manager Mercado Libre
1wGreat! OECD Tax. Is very important follow each step on this!