Tax & Accounting Blog

France Announces Transitional Measure on Country-by-Country Reporting

France Announces Transitional Measure on Country-by-Country Reporting

On December 4, 2017, France announced a transitional measure on CbC reporting. If a parent company located in a jurisdiction that does not have a CbC exchange agreement with France voluntarily submits a CbC report for a financial year beginning on January 1, 2016, and the CbC report is transmitted by … Read More

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

CbC Reporting in Countries without a BCAA with the US-Surrogate or Local Filing

The IRS has announced that they will not be able to execute bilateral competent authority agreements (BCAA) with all countries expecting a CBC report for 2016. Should impacted US Multinational Enterprises (MNEs) file locally or use a surrogate? At play are four countries, France, Indonesia, Jersey, and Spain [1] — all of … Read More

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

Belgium Extends Filing Deadline for Country-by-Country Report, Notification and Master File

On November 28, 2017, the Belgian tax authorities announced that they would extend the filing deadline to March 31, 2018 for the country-by-country (CbC) report (Form 275 CBC), CbC notification (Form 275 CBC NOT), and the master file (Form 275 MF). These forms were initially due by the … Read More