Brazil published RFB Normative Instruction (NI) No. 1.709/2017 in the Official Gazette on 25 May 2017, which amends RFB Normative Instruction No. 1.681/2016 on the obligation to submit Country-by-Country (CbC) reports. The main amendment is the addition of transitional relief for the 2016 fiscal year in cases where a competent authority agreement (CAA) for the exchange of CbC reports is not in force between Brazil and the ultimate parent's jurisdiction by 31 July 2017 (standard CbC report d…