The European Commission has issued a corrigendum to its implementing regulation (EU) 2024/2952, correcting an error in the common template for corporate tax reporting. The correction, published on April 28, 2026, amends Annex IV, Table 2, where the element name "DateOfStartOfFinancialYear" was incorrectly described as "End date of the financial year" instead of "Start date of the financial year." This technical fix ensures the template aligns with the intended reporting requirements under Directive 2013/34/EU.
Background of the implementing regulation The original regulation, adopted on November 29, 2024, established a common template and electronic reporting formats for country-by-country reporting of corporate tax information. It aimed to increase transparency for multinational enterprises operating in the EU, requiring them to disclose tax-related data in a standardized format. The regulation was published in the Official Journal on December 2, 2024.
Nature of the correction The corrigendum is a minor technical adjustment, correcting a labeling error in the XML schema definition. It does not alter the substance of the reporting obligations or the scope of the regulation. The correction ensures that the electronic reporting format correctly captures the start date of the financial year, as originally intended.
Impact on stakeholders - Multinational enterprises: The correction has negligible impact, as it only fixes a metadata label. Companies already reporting under the template may need to verify that their systems use the correct field name, but no substantive changes to data submission are required. - National tax authorities: The correction ensures consistency in data collection, reducing potential confusion during validation of reports. - Software developers: Providers of reporting software must update their systems to reflect the corrected element name, though this is a minor adjustment. - EU institutions: The corrigendum demonstrates the Commission's commitment to accuracy in implementing regulations, though it does not affect policy direction.
Institutional follow-up No further action is expected from the European Parliament or the Council, as the corrigendum is a technical correction within the Commission's implementing powers. The corrected regulation applies retroactively from the original date of application.
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