As previously reported, Zambia amended its transfer pricing regulations to provide for the introduction of Country-by-Country reporting requirement for MNE groups that apply for reporting fiscal years ending on or after 31 December 2021. Further details on the new CbC reporting requirements are summarized as follows:
- The requirements apply for MNE groups with annual consolidated group revenue of at least EUR 750 million or ZMW 4.795 billion in the preceding accounting year;
- The obligation to…