COMMISSION IMPLEMENTING REGULATION (EU) laying down a common template and electronic reporting formats for the application of Directive 2013/34/EU of the European Parliament and of the Council as regards the information to be presented in reports on income tax information

The Commission Implementing Regulation (EU) 2024/2952 was published on November 29, 2024 by the European Commission. This regulation lays down a common template and electronic reporting formats for income tax information under Directive 2013/34/EU. It aims to standardize the reporting of income tax data by large undertakings with consolidated revenues exceeding EUR 750 million. The regulation mandates the use of XHTML and Inline XBRL formats to ensure machine-readability, comparability, and accessibility of tax information. This move aligns with broader EU efforts to enhance transparency in corporate tax practices and streamline digital reporting across Member States.