The U.S. IRS has published the intergovernmental agreement (IGA) and the competent authority arrangement (CAA) signed with India on the exchange of Country-by-Country (CbC) reports. As previously reported, both the IGA and the CAA are operative (effective) from 29 April 2019.
The CAA provides that with respect to fiscal years beginning on or after 1 January 2016, CbC reports are to be exchanged as soon as possible and no later than 18 months after the last day of the fiscal year of the MNE…