The Netherlands has published in the Official Gazette the law to transpose the amendments made to the EU administrative cooperation Directive (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports as per Council Directive (EU) 2016/881. In addition, the law provides for increased CbC non-compliance penalties.
Since the Dutch CbC reporting requirements were already generally in line with the EU requirements, the amendments are relatively limited. Changes include:
- Setting o…