9911796707
TMI BlogReport by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub-section (4) of section 286 of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... BY TAX JURISDICTION Name of the Multinational Enterprise group: Reportable accounting year: Currency used: Tax Jurisdiction Revenues Profit(Loss) before Income Tax Income Tax Paid (on Cash Basis) Income Tax Accrued -Reportable Accounting Year Stated Capital Accumulated Earnings Number of Number of Employees Tangible Assets other than Cash and Cash Equivalents Unrelated Party Related Party Total PART C: ADDITIONAL INFORMATION Name of the Multinational Enterprises group: Reportable accounting year : Please include any further brief information or explanation that is considered necessary or that would facilitate the understanding of the compulsory information provided in Part A and Part B. (e.g. Source of Data) I …&h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ould be applied to determine the tax jurisdiction of residence. Where no applicable tax treaty exists, the Constituent Entity should be reported in the tax jurisdiction of the Constituent Entity's place of effective management. 2. In the three columns of the template under the heading "Revenues", the Reporting MNE should report the following information: (i) the sum of revenues of all the Constituent Entities of the MNE group in the relevant tax jurisdiction generated from transactions with associated enterprises; (ii) the sum of revenues of all the Constituent Entities of the MNE group in the relevant tax jurisdiction generated from transactions with independent parties; and (iii) the total of (i) and (ii). Revenues should include revenue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orting of all Constituent Entities resident for tax purposes in the relevant tax jurisdiction. The tax expense should reflect only operations in the reportable accounting year and should not include deferred taxes or provisions for uncertain tax liabilities. 6. Under the column titled "Stated Capital", the Reporting MNE should report the sum of the stated capital of all Constituent Entities resident for tax purposes in the relevant tax jurisdiction. With regard to permanent establishments, the stated capital should be reported by the legal entity of which it is a permanent establishment unless there is a defined capital requirement in the permanent establishment tax jurisdiction for regulatory purposes. 7. Under the column titled "Accumul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. With regard to permanent establishments, assets should be reported by reference to the tax jurisdiction in which the permanent establishment is situated. Tangible assets for this purpose do not include cash or cash equivalents, intangibles, or financial assets. Part B 10. Under the column titled "Constituent Entities Resident in the Tax Jurisdiction", the Reporting MNE should list, on a tax jurisdiction-by-tax jurisdiction basis and by legal entity name, all the Constituent Entities of the MNE group which are resident for tax purposes in the relevant tax jurisdiction. As stated above with regard to permanent establishments, however, the permanent establishment should be listed by reference to the tax jurisdiction in which it is situ ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
