India's Lok Sabha (lower house of parliament) has approved the Finance Bill 2018 with amendments. The bill must still be approved by the Rajya Sabha (upper house) and assented by the president before entering into force, which is expected before the end of March.
One of the main changes introduced by the bill is the amendment of the Country-by-Country (CbC) reporting rules in order to bring the deadline for the submission of CbC reports in line with the OECD guidelines, with the deadline se…