On 20 December 2016, the Czech Ministry of Finance announced that the government has approved the draft legislation to amend Act no. 164/2013 Coll., on International Cooperation in Tax Administration to transpose BEPS measures, including the amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports as per Council Directive (EU) 2016/881.
Key aspects of the draft are for the most part u…