The Liechtenstein government has announced the approval of a report and proposal to adopt the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports, as well as the law for the international automatic exchange of CbC reports (CbC Act), which includes the CbC reporting requirements. The requirements are largely in line with BEPS Action 13 and will apply for fiscal years beginning on or after 1 January 2017 for MNE Groups meeting a CHF 900 million…