The British Virgin Islands International Tax Authority (ITA) has issued Guidance Notes on Country-by-Country (CbC) reporting requirements, dated 19 February 2019 with an update on 1 March 2019. The Guidance Notes cover the CbC reporting rules as introduced via amendments to the Mutual Legal Assistance (Tax Matters) Act, 2003. Key points include:
- The CbC reporting requirements apply for MNE groups meeting an annual consolidated group revenue threshold of EUR 750 million in the preceding fisc…