Tax & Accounting Blog

India Issues Consultation on Master File and Country-by-Country Report

India Issues Consultation on Master File and Country-by-Country Report

On October 6, 2017, the Indian Central Board of Direct Taxes (CBDT) issued a consultation on updates to the rules on country-by-country (CbC) reporting and the master file. See BEPS Action 13. Comments are due by October 16, 2017. Section 286 of the Income-tax Act, 1961 (the “Act”)  requires the submission of … Read More

New Zealand Publishes Guidance on Country-by-Country Reporting

New Zealand Publishes Guidance on Country-by-Country Reporting

On April 26, 2017, New Zealand Inland Revenue (“Revenue”) published guidance on country-by-country (CbC) reporting requirements under OECD BEPS Action 13. These requirements apply to corporate groups headquartered in New Zealand with annual consolidated group revenue of over €750 million. See the required CbC Report (Form IR 1032). Approximately 20 New Zealand-headquartered … Read More