Member States shall require ultimate parent undertakings and standalone undertakings governed by their law to draw up, publish and make accessible a report on income tax information where consolidated or annual revenue exceeded EUR 750 000 000 on the balance sheet date for each of the last two consecutive financial years; the obligation ceases once that threshold is not met for two consecutive years. Exemptions apply where the undertakings and their affiliated undertakings operate solely within a single Member State, or where they already disclose a report in accordance with Article 89 of Directive 2013/36/EU covering all activities in the consolidated accounts.

Medium‑sized and large subsidiaries governed by Member State law and controlled by a non‑Member State ultimate parent must publish a report on that ultimate parent where the same EUR 750 000 000 consolidated threshold is met; they must request required information from the ultimate parent and, if not provided, publish all information in their possession with a statement that the parent did not provide necessary information. Branches of non‑Member State undertakings are subject to reporting when group and branch turnover thresholds are met and specified criteria apply; Member States need not apply subsidiary/branch rules where a non‑Member State ultimate parent or standalone has published a public, free, machine‑readable report (on its website, in at least one Union official language, within 12 months) identifying a single subsidiary or branch in a Member State. Member States shall also require publication where subsidiaries or branches exist solely to circumvent these reporting requirements.