According to recent reports, Azerbaijan has introduced Country-by-Country (CbC) reporting requirements that apply for reporting fiscal years beginning on or after 1 January 2020 for MNE groups meeting the standard EUR 750 million consolidated group revenue threshold in the previous year. The main points are as follows:
- The requirement to submit a CbC report primarily apply for ultimate parent entities of MNE groups resident in Azerbaijan, although local filing requirements may also apply for…