The IRS today announced recently signed competent authority arrangements (CAAs) have been added as new content concerning country-by-country (CbC) reporting.
The IRS’s jurisdiction status table includes recently signed CAAs for the exchange of CbC reports. The IRS’s table also includes the operative date of the CAA. The IRS table also includes:
According to the IRS, CbC reporting data will be exchanged pursuant to bilateral CAAs that rely on income tax treaties, Tax Information Exchange Agreements, or the Convention on Mutual Administrative Assistance in Tax Matters that permit automatic exchanges of information.
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