Update - Sri Lanka Publishes CbC Notification Form

Sri Lanka Inland Revenue has published Form No: TP/CbCR/01 for filing the notification under the Country-by-Country (CbC) reporting rules. As previously reported, Inland Revenue recently issued a notice to taxpayers that MNE Groups whose total consolidated group revenue is not less than EUR 750 million or its equivalent in Sri Lanka Rupees is required to file the CbC Notification on or before 31 December 2021, for the Fiscal Year beginning on or after 1 January 2021. The notification is sub…