OECD releases details of CbC Reporting status and tax administrations exchange relationships

Oct 16, 2017

Country-by-Country Reporting (CbC Reporting) was recently activated under the Multilateral Competent Authority Agreement (MCAA) on the exchange of CbC reports.  The OECD says that over one thousand automatic exchange relationships have now been established among jurisdictions, including those between EU Member States under EU Council Directive 2016/881/EU.

The OECD expects that more jurisdictions will nominate partners with which they will undertake the automatic exchange of CbC Reporting under the CbC MCAA in the coming weeks. The United States has signed 27 bilateral competent authority agreements for the exchange of CbC Reports under Double Tax Conventions or Tax Information Exchange Agreements, with more under negotiation according to the OECD

The full list of automatic exchange relationships that are now in place is available, together with an update on the implementation of the domestic legal framework for CbC Reporting in jurisdictions.