Gibraltar Legislation Issued to Implement CbC Reporting

The Government of Gibraltar has reportedly issued draft legislation to transpose into domestic law the amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports (Council Directive (EU) 2016/881). As per the Directive, standard CbC reporting rules will apply, including requirements from fiscal year 2016, the EUR 750 million group revenue threshold, the requirement to submit the report with…