Public Country-by-Country Reporting adopted
Introduction On 11 November 2021, the European Parliament adopted the Directive on public country-by-country reporting (PCbCR). The adoption of this directive concludes the procedure (see earlier newsflash) on the introduction of specific European transparency rules and requires certain European or non-European multinational groups or standalone undertakings to publicly disclose certain financial data. Content of the
Public Country-by-Country reporting is moving ahead!
On 25 February 2021, the Ministers of Internal Market and Industry met virtually to discuss a proposal for Directive on the so-called Public Country-by-Country Reporting. Under this proposal, revived under the current Portuguese Presidency of the Council of the European Union, multinational enterprises with consolidated revenue of more than 750 million euro during the last