India Publishes Draft CbC Reporting and Master File Rules for Comment

On 6 October 2017, India's Central Board of Direct Taxes published a draft notification on Country-by-Country (CbC) reporting and Master file documentation rules for public comment. The Indian tax authority was enabled to require CbC reports and Master file documentation through amendments to the Income Tax Act 1961 made by Finance Act 2016, but the amendments lacked necessary details. The draft notification provides those details, including the addition of rules 10DA (Master file) and 10DB …