Senegal Signs Mutual Assistance Convention and MCAA for Exchange of CbC Reports

The OECD has announced that on 4 February 2016, Senegal signed the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol, as well as the Multilateral Competent Authority Agreement (MCAA) for the exchange of Country-by-Country (CbC) reports. Although Senegal has not yet adopted requirements for CbC reporting, the signing of the two agreements is a clear indication that requirements will be adopted in the near future.

The Mutual As…