On 19 December 2016, a revised version of the proposed Directive for public Country-by-Country (CbC) reporting requirements in the EU was published ({News-2016-04-13/P/2- previous coverage}). The proposed requirements are similar to but separate from the non-public CbC reporting requirements based on BEPS Action 13. The following is a summary of the main revisions.
Reporting Threshold and Exemption
One of the main changes in the revised version is the threshold for publishing a public CbC…