The Indian Central Board of Direct Taxes has published the final notification on the rules for Master file documentation and Country-by-Country (CbC) reporting. The final notification is generally in line with the draft notification issued earlier in October for consultation, with some adjustments for clarity ({News-2017-10-10/P/2-previous coverage}). Main points of the requirements include:
- Both the Master file and CbC report requirements apply for the 2016-2017 fiscal year (beginning 1 Apr…