The Cyprus government has reportedly announced its intent to implement Country-by-Country (CbC) reporting requirements in line with Action 13 of the OECD BEPS Project. Although draft legislation is not yet available, it is expected that the requirement will apply for fiscal years beginning on or after 1 January 2016 for MNE groups meeting a EUR 750 consolidated group revenue threshold in the previous year. In general, the ultimate parent company of a group resident in Cyprus would be required…