Public Country-by-Country Reporting Directive enters into force soon


With our newsflash of 16 November 2021, we informed you of the formal approval of the public country-by-country reporting (PCbCR) directive on 11 November 2021.

The directive is published in the Official Journal of the EU on 1 December 2021; it enters into force on the 20th day after its publication.

Member states must introduce the directive in their domestic legislation by 22 June 2023 at the latest.

The first PCbCR must be done at the latest for the first financial year which starts on or after 22 June 2024.  It is important to note that member states may transpose the directive sooner.  In that case, the first reporting year is also moved forward accordingly.

Please contact Stefaan De Baets, Jonas Van de Gucht or your usual contact at PwC for further information.