The European Commission has adopted the final implementing regulation providing the common template and electronic reporting formats for presenting income tax information in the context of public CbCR.Reportable groups whose Ultimate Parent Entity is incorporated in a Member State should prepare their report in XHTML and Inline XBRL.The implementing regulation will be applicable for public CbC reports corresponding to financial years starting on or after 1 January 2025. Executive summaryOn 29 November 2024, the European Commission (Commission) adopted Implementing Regulation 2024/2952.The implementing regulation is aimed at standardizing the presentation of income tax information for public country-by-country reporting (CbCR), as mandated by...