CbCr (Country-by-Country Reporting) and Public CbCr are important tools for enhancing the fiscal transparency of multinational companies. They show how revenues, profits, and other financial information of corporate groups are distributed across different countries. In Romania, the law sets clear rules for each type of reporting. This article explains the differences between CbCr and Public CbCr, as well as the specific requirements for each.

Differences Between CbCr and Public CbCr

CbCr Reporting

Who Reports:

• The report is prepared by the parent company or another designated entity within the multinational group.

Forms:

In Romania, there are two reporting forms:

• R404 (The Report): The main report submitted by the parent company or the designated entity.

• R405 (The Notification): A notification submitted by subsidiaries to inform ANAF which entity will prepare the report.

Deadlines:

• R404: Must be submitted within 12 months of the end of the group’s fiscal year.

• R405: Must be submitted by the end of the group’s fiscal year, but no later than the deadline for the annual tax return (Form 101).

Public CbCr Reporting

Until the provisions of Regulation (EU) 2024/2952 are applied for the financial year beginning on or after January 1, 2025, companies subject to public CbC reporting requirements may opt for one of the following reporting methods:

1. 1. 1. Using the guidelines in European legislation on standard CbCr reporting.
      2. Using the report template provided by Regulation (EU) 2024/2952.
      3. Creating a custom format that meets accounting requirements.

Deadlines:

• The report must be published on the company’s website within 12 months of the end of the fiscal year.

• It must remain accessible to the public free of charge for at least five years.

• If the report is published on the Trade Registry’s website, the company’s website must include a link to it.

Conclusion

CbCr and Public CbCr have similar purposes—to enhance fiscal transparency—but differ in their users and publication methods. Compliance with the rules is essential to avoid legal issues and demonstrate fiscal responsibility. The Cabot team has a clear understanding of these requirements and helps companies comply while contributing to a more transparent global economy. For more advice and information, do not hesitate to contact us: https://cabot-tp.ro/contact/