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Dutch Lower House of Parliament Adopts Legislation for CbC Reporting Amendments including Increased Non-Compliance Penalties

|Proposed Changes|Netherlands
Netherlands

The Dutch House of Representatives (lower house of parliament) has reportedly adopted the legislation needed to bring the Dutch Country-by-Country (CbC) reporting requirements in line with EU rules ({News-2017-03-24/P/3- previous coverage}). In addition to the amendments to comply with the EU rules, the legislation also makes certain other changes, which include extending CbC penalties to notification non-compliance, and in the latest draft approved, increasing the CbC non-compliance penalty …

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