Tunisia on November 27 signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting, the Organisation for Economic Co-operation and Development (OECD announced.
The multilateral agreement provides a standardized mechanism for exchanging country tax administrations annual information about large multinational groups. The information details the multinational group activities and income for each tax jurisdiction in which they do business.
The reports should make it easier for tax authorities to detect MNE tax avoidance through transfer pricing and other means.
The plan to exchange country-by-country reports was agreed to by nations in 2015 as a result of the OECD/G20 base erosion and profit shifting (BEPS) project.
The signing of the agreement reflects Tunisia’s strong commitment to the tax transparency agenda and the BEPS project, the OECD said.