ARTICLE · 12 AUGUST 2016

The OECD Base Erosion And Profit Shifting (BEPS) Project, Multinational Enterprises And CbC Reporting

BeesMont Law

Explore more from BeesMont Law

The Base Erosion and Profit Shifting (BEPS) Project has been a major project for the OECD which has been working hard for the past couple of years to progress and promote it globally.

BermudaTax

BeesMont Law Limited

Author LinkedIn connections

What is the BEPS Project?

The Base Erosion and Profit Shifting (BEPS) Project has been a major project for the OECD which has been working hard for the past couple of years to progress and promote it globally. The BEPS Project is extensive and comprises 15 Action Points that provide proposals and plans to deter tax planning strategies that shift profits (and intellectual property) or take advantage of loopholes in tax regulations.

The BEPS Project takes aim at various technical issues such as double non-taxation, hybrid mismatches, treaty shopping, and transfer pricing.

What is country-by-country reporting?

One key element of the BEPS Project is a reporting regime called 'country-by-country reporting' (CbC reporting). CbC reporting is detailed in Action 13 and requires information to be provided to tax authorities for scrutiny. Information required to be submitted under the regime includes details of global business operations, revenue, profits and tax as

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Bermuda CRS: CITA Steps Up Supervision And Information Requests

Corporate Income Tax Amendment Act 2026

Hidden US Estate Tax Risks For Bermuda-Based Individuals And Families

Economic Substance Regime Now Falls Under Cita

Bermuda Regulatory Update – Economic Substance Amendment Act 2026

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Tax

Related Comparative Guides

Comparative Guide

Tax

Comparative Guide

Tax Disputes

See more popular content from

TaxBeesMont Law

Corporate Income Tax Amendment Act 2026

Bermuda's House of Assembly has introduced the Corporate Income Tax Amendment Act 2026, bringing significant updates to the island's corporate income tax regime. The amendments provide enhanced flexibility for filing entities, refine penalty structures, and clarify administrative mechanisms for the Corporate Income Tax Agency. These changes aim to streamline tax return filing processes and improve operational oversight for Bermuda Constituent Entities and multinational enterprise groups operating under the

Private Client

This country-specific Q&A provides an overview to tax laws and regulations that may occur in Bermuda.

Bermuda Considers Introducing Corporate Income Tax On Multi-National Enterprises

Bermuda, a self-governing British overseas territory, is celebrated as a blue-chip jurisdiction, renowned for its effective fiscal environment and robust yet pragmatic regulatory regime.

EU Confirms Bermuda's Status As A Cooperative Jurisdiction In International Tax Transparency

The European Union confirmed on Friday 17 May 2019 that Bermuda has been removed from its list of non-cooperative tax jurisdictions. Bermuda is now listed as a cooperative tax jurisdiction and accordingly does not appear on the EU's

European UnionTax

Impact Of FATCA On Bermuda Entities

FATCA is a US federal law that aims to reduce tax evasion by US persons. FATCA has significant extraterritorial implications.

What Is The Definition Of Offshore

Bermuda's CITA Issues Notices To Undertake Independent CRS Compliance Reviews

On 13 March 2026, Bermuda's Minister of Finance designated Bermuda's Corporate Income Tax Agency (CITA) as the 'competent authority' under the International Cooperation (Tax Information Exchange Agreements) Act 2005 and the U.S.A.–Bermuda Tax Convention Act 1986.

What Are The Characteristics Of A Trust?

Bermuda: Corporate Income Tax Credits

On 21 November 2025, the Government of Bermuda tabled the Tax Credits Act 2025 (the "TCA").

Government Of Bermuda Consulting On Possible Introduction Of Corporate Income Tax

In response to the Pillar Two global minimum tax rules (the GloBE Rules) set out by the Organisation for Economic Co-operation and Development (OECD)...

Ten Useful Facts About The Bermuda Stock Exchange (BSX)

There are different types of instruments on the BSX that include 145 listed Insurance Linked Securities (ILS) vehicles in Bermuda with an aggregate value of 18.3 billion USD.

BermudaCorporate/Commercial Law

10 Things To Know About Lending In Bermuda

Bermuda is home to a diverse group of industries including asset managers, (re)insurers, captive managers, lawyers, accountants, brokers, and partnerships.

BermudaWealth Management

PIPA Is Fully In Force – Now What?

On 1 January 2025, the Personal Information Protection Act 2016 (PIPA) came fully into force in Bermuda. Applauded by the international and local data protection communities alike, PIPA is intended to create...

European UnionPrivacy

Bermuda Exempted Funds Regime

In 2013, Bermuda's investment funds regime was updated as a result of collaboration between the Bermuda Monetary Authority (BMA), Government and industry stakeholders...

BermudaWealth Management

Bermuda Economic Substance Reporting

Bermuda's Economic Substance Portal launched as of 1 May 2020 to provide a reporting platform for filings from entities that are required to file declarations under the economic substance regime...

BermudaFinance and Banking

Guide To Bermuda Partnerships

The advantage of a partnership is that it is versatile enough to handle a wide scope of business activities and this Guide provides an overview of partnerships generally and the more commonly used exempted limited partnerships.

BermudaCorporate/Commercial Law

Bermuda Introduces Incorporated Segregated Account Companies

The Incorporated Segregated Accounts Companies Act 2019 (ISAC Act) received assent on 26 November 2019, introducing a new company structure product – the incorporated segregated account company (ISAC).

BermudaCorporate/Commercial Law

Fintech Global Guide

This country-specific Q&A provides an overview to Fintech law in Bermuda. It covers open banking, regulation of data, cryptocurrencies, blockchain, AI and insurtech.

BermudaTechnology

Employment Tribunal Remedies For Unfair Dismissal

The Employment Act 2000 (the Act) promotes the fair treatment of both employers and employees in Bermuda by establishing minimum employment standards and enforcing those standards through the Employment Tribunal (the Tribunal).

BermudaEmployment and HR

Intellectual Property In Bermuda - November 2019

Bermuda is a large Intellectual Property (IP) centre as its developed, and business focus, and infrastructure have created an allure and need for an IP framework.

BermudaIntellectual Property