On 21 December 2015, Ireland's President Michael D. Higgins signed into law the Finance Act 2015, which includes measures proposed in the 2016 budget. One of the main measures is the introduction of Country-by-Country (CbC) reporting requirements.
CbC Reporting
CbC reporting requirements are introduced based on the guidance developed as part of Action 13 of the BEPS Project. Under the CbC reporting requirement, ultimate parent entities of MNE groups with consolidated annual rev…