--- title: "What's New in Country-by-Country-Reporting" description: "Discover the latest features and improvements of the **Country-by-Country-Reporting** sub-module." source_url: https://support.lucanet.com/en/whats-new/whats-new-tax-compliance-reporting/income-taxes/country-by-country-reporting language: en last_updated: 2026-05-28 --- # What's New in Country-by-Country-Reporting Come and explore the latest features and improvements of our **Country-by-Country-Reporting** sub-module! > **Note:** The versions of all solutions that you are currently using and those of the CFO Solution Platform are displayed when you select **About Lucanet** from the **Help** section in the CFO Solution Platform. ## Recently Released Features ### New in Version 260513 (Release date: 2026-06-03) Apart from bug fixes and performance enhancements, the release contains the following new features: #### Currency Conversion Based on Financial Statement Type In CbCR, a new drop-down field in **CE Information** lets you specify which financial statements are used for currency conversion for each entity: **Local Statutory Financial Statements** or **Consolidated Financial Statements**. This selection determines the exchange-rate methodology applied to balance-sheet items. **Local Statutory Financial Statements** applies the **Average Exchange Rate** to all values, in line with the OECD's CbCR guidance. **Consolidated Financial Statements** applies the **Average Exchange Rate** to flow items such as revenue, profit, and taxes, and the **Period-End Rate** to balance sheet items such as **Stated Capital**, **Accumulated Earnings**, and **Tangible Assets**. #### Generate Public CbCR Reports in iXBRL or XML Format The **Transmission** area can now generate the final filing files for **Public CbCR**. For the EU, an **iXBRL** file is created from the selected snapshot and can be used across all EU member states. For Australia, an **XML** file is generated in line with ATO specifications. Both files are created after the review process and are then available for download. ### New in Version 260323 (Release date: 2026-03-24) Apart from bug fixes and performance enhancements, the release contains the following new features: #### Public Country-by-Country Reporting (pCbCR) The **Country-by-Country Reporting (CbCR)** module now supports **public Country-by-Country Reporting (pCbCR)**. From now on, you can generate both traditional CbC reports (for submission to tax authorities) and public CbC reports (for public disclosure), enabling compliance with Directive (EU) 2021/2101 and Australian public CbCR requirements. With pCbCR, the following extensions have been introduced: - **Snapshot types and basis:** You can add **pCbCR (EU)** or **pCbCR (Australia)** or both to any new snapshot by activating the corresponding check box during snapshot creation. - **Validation and submission:** A separate XML file for each report type is available at the validations page. - **Public disclosure sections:** For every included pCbCR report there is an individual drop-down menu in the **Calculation** with five sections each. - **Jurisdiction-specific reporting:** EU and Australia schemas are supported. - **Data collection:** The **Group Data Collection** workspace is extended by the fields **pCbC-1.1** and **pCbC-1.2**. Group data is displayed in **Section 1**. A dedicated workspace **Add/omit public information** is available for managing what is included or omitted in the public report. A separate workspace is provided for **Material discrepancies explanations**. #### Submission of CbC Reports to Tax Authorities CbCR now supports the **submission of CbC reports** to tax authorities, including new returns, corrections, and deletions. You can now: - Start transmissions from the **Transmission** workspace - Choose the filing type (new, correction, or deletion) for the report: - **Deletion reports** are used for snapshots that have already been sent: when you select filing type **Deletion**, the snapshot list shows only snapshots from the same period that have been transmitted. The system generates an OECD3 XML with **CorrDocRefID** references to the original report so you can delete or correct previously submitted data at the tax authority as required. - **Correction reports** let you correct previously filed CbCR reports. You select a reference snapshot with the original data and the snapshot with corrected data. The system generates an OECD2 correction XML that references only the changed parts via **CorrDocRefID**, so the tax authority receives a partial correction instead of a full resubmission. - Generate XML reports, and use master data and XML output for stateless entities and identification numbers. ### New in Version 260106 (Release date: 2026-01-16) Apart from bug fixes and performance enhancements, the release contains the following new features: #### Various Enhancements for CbCR With the integration of the **Tax Transfer Hub**, Lucanet is setting new standards for your CbCR reporting process: - **Tax Transfer Hub as central hub**: Manage the **transmission and retrieval of all CbCR reports** centrally in one place – for maximum efficiency and traceability. - **Optimized submission workflow**: Our completely **redesigned submission workspace** guides you through the reporting process even more intuitively, saving valuable time. - **Full transparency at a glance**: The new **status overview** displays the current status of all reports at any time and provides direct access to **transmission logs**.