Bermuda's Minister of Finance Bob Richards announced on 19 April 2016 that Bermuda has signed the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports. This makes Bermuda the 33rd jurisdiction to sign the CbC MCAA. In connection with the signing, the Minister of Finance stated that CbC reporting requirements would apply in Bermuda from the 2016 fiscal year, with the first reports due by 31 December 2017.
Additional details of Bermuda's CbC re…