ARTICLE · 08 MARCH 2021

Public Country-by-Country Reporting Proposal

KPMG Malta

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Broad political support to the EU Proposal on Public Country-by-Country Reporting.

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Broad political support to the EU Proposal on Public Country-by-Country Reporting

On February 25, 2021, the EU Member States' internal market and industry ministers exchanged views on the proposed Public Country-by-Country Reporting initiative. Following on that, the members of the Council and the European Parliament approved on March 3 and March 4, 2021 respectively, mandates for their respective negotiating positions in anticipation of the start of interinstitutional negotiations (so-called "trilogue") on the public Country-by-Country Reporting proposal. Negotiations are expected to begin shortly, with the aim to reach agreement on the directive at second reading ("early second reading agreement"), before the end of the Portuguese Presidency (30 June 2021).

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