Executive summary

On 1 December 2021, the public country-by-country reporting (CbCR) directive (the Directive) was published in the Official Journal of the European Union (EU). According to the published text, the Directive will enter into force on 21 December 2021 and Member States will have to transpose the Directive into national legislation by 22 June 2023.

The publication of the Directive foll…