According to recent reports, because the Czech parliament will not likely be able to pass the required legislation to implement Country-by-Country (CbC) reporting by the 4 June 2017 deadline, a proposal has been made to extend the CbC notification deadline to 31 October 2017 for the first year. The 4 June deadline is set in Council Directive (EU) 2016/881, which includes the requirement for all EU Member States to implement CbC reporting. The proposed legislation for the implementation of the…