Thursday, 11 August 2016

European Union’s CbC reporting directive enters into effect

The EU Council’s directive on country-by-country reporting of information by multinationals to tax authorities entered into force on June 3, 2016. The directive must be implemented into the domestic law of member states by June 4, 2017, although that law is required to have effect for accounting periods starting on or after January 1, 2016.
Source & more info: Deloitte