This guidance builds on the local file – high level design by providing an overview of the detailed design of the local file / master file. It reflects underlying IT specifications (contained in the XML schema) for software developers to use in business management software to enable generation of a valid XML file.
We have developed a combined local file / master file XML schema, so the master file must be attached to the combined submission. As previously communicated, we have adopted Annex I of the OECD guidance as the information requirements for the master file.
The local file / master file XML schema comprises:
- statement information for basic information relating to the statement being submitted
- intermediary information relating to an intermediary lodging on your behalf
- entity information about the reporting entity, and (where applicable) the global parent entity (if they are different entities)
- statement lodgment criteriawith details on the contents of the lodgment (ie which statements are included)
- local file including the short form, Part A and Part B of the local file
- declarationsthat are standard for the intermediary and the reporting entity.
- The design of the local file / master file XML schema allows for separate submissions of the three components of the local file (ie short form, Part A and Part B) and the master file.
While the local/master file XML schema contains questions in relation to your lodgment of the Country-by-Country (CbC) report, the CbC report itself must be lodged separately in accordance with the OECD XML schema (v1.0).
You should also refer to the Appendixes for various relevant codes used for reporting as part of the lodgment.
[ATO website – CbC Reporting article; LTN 70, 13/4/17]