Tuesday, 2 February 2016

New French finance law adopts country-by-country reporting

The new French Finance Law for 2016 adopted the new OECD country-by-country (CbC) reporting obligations relating to Action 13 of the OECD's Base Erosion and Profit Shifting (BEPS) initiatives (article 223 quinquies C of the French Tax Code). This measure will be effective for fiscal years that begin on or after January 1, 2016.
The new law also included some specific measures defining the way the French transfer pricing declaration should be submitted with respect to forms to be filed as from January 1, 2016.
Source & more info: PwC