The U.S. IRS has published the bilateral competent authority arrangement signed with Greece on the exchange of Country-by-Country (CbC) reports. The arrangement was signed on and is effective from 27 September 2017.
The arrangement provides that pursuant to the provisions of Article 18 (Exchange of Information) of the 1950 income tax treaty between the two countries, each competent authority intends to automatically exchange CbC reports received from each reporting entity resident for tax p…