Parent entities of U.S. multinational enterprise (MNE) groups with $850 million or more of revenue in a previous annual reporting period file Form 8975, Country-by-Country Report PDF. Form 8975 is used to report a U.S. MNE group’s income, taxes paid, and other indicators of economic activity on a country-by-country basis. Form 8975 country-by-country report filing rules Must be filed for the U.S. MNE group’s first reporting period in the tax year that starts on or after June 30, 2016. Must be filed with the income tax return of the parent entity in which the reporting period ends and cannot be filed as a stand-alone return. Can be filed for reporting periods that begin before the first required reporting period. (For more information go to Revenue Procedure 2017-23 PDF) Form 8975 and its schedules can be filed in the Modernized e-File (MeF) XML schema format. Parent entities not permitted to file returns electronically must file Form 8975 with their paper income tax return. International exchange of Country-by-Country Report The IRS will exchange Form 8975 information automatically with tax authorities with which the United States enters into a bilateral Competent Authority Arrangement. However, a U.S. MNE group’s information will only be exchanged with those countries in which the U.S. MNE group reports doing business. Exchanged information is confidential and protected pursuant to the applicable legal instrument permitting exchange. Find out how to report concerns over potential disclosure or misuse of information exchanged under an international agreement. CbC reporting topics Country-by-Country reporting Guidance and resources Frequently asked questions Related Form 8975 PDF Form 8975 (Schedule A) PDF Form 8975 instructions PDF Jurisdiction status table Report unauthorized use Newsletter Subscribe to the Country-by-Country Reporting newsletter
