viernes, 14 de julio de 2017

Czech Republic: CbC reporting deadlines likely to be postponed

Legislative updates are in progress to incorporate the requirements of the EU directive on country-by-country (CbC) reporting and the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports into Czech domestic law. Due to delays in approving the necessary amendments, another amendment was proposed to the pending legislation on 19 May 2017 that would postpone the deadlines for complying with certain obligations with respect to the 2016 taxable period for Czech companies that are members of multinational groups that will be required to file CbC reports.
The deadline to notify the tax authorities about the ultimate parent company of the multinational group and thecompany that will complete and file the CbC report on behalf of the group (if different than the ultimate parent) is likely to be no earlier than 31 January 2018 (the original proposal was 30 September 2017). The deadline to complete the CbC report and submit it to the Czech tax authorities (for the parent and group companies for the 2016 calendar year) is likely to be no earlier than 30 April 2018 (the original proposal was 31 December 2017).

Source: Deloitte

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