Country-by-Country Reporting

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Schedule A (Form 8 Tax Jurisdiction and Constituent Entity Information	Form	New	Available
Form Schedule A (Form 8 Schedule A (Form 8975), Tax Jurisdiction and Constituent Entity Information	Form	New	Repair queued
Form 8975 Country-by-Country Report	Form	Modified	Available
Form 8975 Form 8975, Country-by-Country Report	Form	Modified	Repair queued
1545-2272 Supporting Statement.docx	Supporting Statement A	Uploaded 2023-03-22	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
259165	Schedule A (Form 8975), Tax Jurisdiction and Constituent Entity Information	Form	New	Tax Jurisdiction and Constituent Entity Information
259165	Schedule A (Form 8975), Tax Jurisdiction and Constituent Entity Information	Form	New
259165	Schedule A (Form 8975), Tax Jurisdiction and Constituent Entity Information	Instruction	New
223037	Form 8975, Country-by-Country Report	Form	Modified	Country-by-Country Report
223037	Form 8975, Country-by-Country Report	Form	Modified
223037	Form 8975, Country-by-Country Report	Instruction	Modified

ICR Details

OMB Control No: 1545-2272	ICR Reference No: 202303-1545-013
Status: Active	Previous ICR Reference No: 201910-1545-026
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Country-by-Country Reporting
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/14/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/01/2023
Terms of Clearance: Supporting statement updated during OMB review to address public comments. OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2026	36 Months From Approved	08/31/2023
Responses	46,790	0	3,120
Time Burden (Hours)	299,822	0	4,680
Cost Burden (Dollars)	0	0	0

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Abstract: 26 CFR 1.6038-4, issued under the authority of 26 U.S.C. 6001, 6011, 6012, 6031, 6038, and 7805, requires U.S. persons that are the ultimate parent entity of a U.S. multinational enterprise (U.S. MNE) group with annual revenue for the preceding reporting period of $850 million or more to file Form 8975 with their income tax return. Form 8975 and Schedules A (Form 8975) are used by filers to annually report certain information with respect to the filer's U.S. MNE group on a country-by-country basis. The filer must list the U.S. MNE group's constituent entities, indicating each entity's tax jurisdiction (if any), country of organization and main business activity, and provide financial and employee information for each tax jurisdiction in which the U.S. MNE does business. The financial information includes revenues, profits, income taxes paid and accrued, stated capital, accumulated earnings, and tangible assets other than cash. Separate Schedules A (Form 8975) are filed for each tax jurisdiction in which a group has one or more constituent entities resident.

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Authorizing Statute(s): US Code: 26 USC 6012 Name of Law: Persons required to make returns of income
   US Code: 26 USC 6031 Name of Law: Return of partnership income
   US Code: 26 USC 6011 Name of Law: General requirement of return, statement, or list
   US Code: 26 USC 6038 Name of Law: Information reporting with respect to certain foreign corporations and partnerships
   US Code: 26 USC 7805 Name of Law: Rules and regulations
   US Code: 26 USC 6001 Name of Law: Notice or regulations requiring records, statements, and special returns
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 910	01/05/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 19189	03/30/2023
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Form 8975, Country-by-Country Report	8975	Country-by-Country Report
Schedule A (Form 8975), Tax Jurisdiction and Constituent Entity Information	Schedule A (Form 8795)	Tax Jurisdiction and Constituent Entity Information

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	46,790	3,120	0	0	43,670	0
Annual Time Burden (Hours)	299,822	4,680	0	0	295,142	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The change in burden reflects a recalculation of the estimated burden hours to file Form 8975 and Schedule A (Form 8975). The change also reflects better estimates for respondents and responses per form. This increases the estimated number of responses by 43,670 and the estimated burden hours by 295,142 hours due to Agency Estimate.

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Annual Cost to Federal Government: $46,143

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 04/01/2023

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