China's State Administration of Taxation has issued Notice No. 46 of 2017 and the Notice interpretation guidance concerning the exchange of Country-by-Country (CbC) reports and secondary local filing. The Notice provides that because the Multilateral Convention on Mutual Administrative Assistance in Tax Matters is effective in China for taxable periods beginning on or after 1 January of 2017, Articles 7 and 8 of China's CbC reporting regulations (Notice 42/2016) will not apply with respect …