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The Bahamas House of Assembly Approves Law for CbC Reporting and Other BEPS Measures

|Proposed Changes|Bahamas
Bahamas

On 17 May 2018, the Bahamas House of Assembly reportedly approved the Multinational Entities Financial Report Bill, 2018, which provides for Country-by-Country (CbC) reporting requirements and other measures in relation to the Bahamas' commitments as a BEPS Inclusive Framework member and its commitments for exclusion from the EU list of non-cooperative jurisdictions. With respect to CbC reporting, the Bill includes that the reporting requirement will apply for MNE groups meeting a USD (BSD) 8…

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