According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. had begun negotiations for competent authority arrangements on the exchange of Country-by-Country (CbC) Reports with Bulgaria and Gibraltar.
Once finalized and signed, the exchange arrangements will likely apply with respect to reporting fiscal years beginning on or after 1 January 2017 given that the both Bulgaria's and Gibraltar's CbC reporting requirements for foreign-parented groups apply…