German Federal Council Adopts Legislation to Implement CbC Reporting Requirements and other BEPS Measures

On 16 December 2016, the German Federal Council (upper house of parliament - Bundesrat) adopted the legislation for the implementation of Country-by-Country (CbC) reporting requirements and other BEPS-related measures.

CbC Reporting

The CbC reporting requirements are in line with the guidelines developed under BEPS Action 13  and the amendments to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (C…