Are you finding it at least slightly difficult to keep up with new BEPS developments and requirements in countries where you operate?
90 per cent of respondents to the Thomson Reuters 2017 Global BEPS Survey said they were.
Are you still making changes to operations based on BEPS recommendations?
63 per cent of Global BEPS Survey respondents said they were.
Has your company provided more resources to help your tax department comply with BEPS implementation/developments?
66 percent of Global BEPS Survey respondents said they had not received additional resources.
Have BEPS measures meant changes in your department?
Only 13 per cent of Global BEPS Survey respondents said they had not seen any changes.
Do you have a central database of important intercompany agreements and tax rulings to comply with BEPS Action 13 transfer pricing documentation requirements?
Centralising transfer pricing data is important, as it enables tax departments to become centres of knowledge that benefit the whole organisation. It also helps senior management monitor transfer pricing shifts and make strategic decisions accordingly.
44 per cent of Global BEPS Survey respondents said they did not yet have such a database.
You can find out more about businesses’ progress on implementing BEPS measures by visiting our website. Go to: https://tax.thomsonreuters.com.au/beps/