BEPS Action 13: Latest country implementation update

BEPS Action 13: Latest country implementation

Updated weekly, this summary report in table format offers a snapshot of implementation of country-by-country (CbC) reporting and Master file / Local file documentation requirements around the world.

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BEPS Action 13 - Latest country implementation

Updates for the week ending 6 January 2017 include...

  • Cyprus:  Country-by-country (CbC) reporting was adopted on 30 December 2016. 
  • Malta: CbC reporting will be required as of 1 January 2016.
  • Pakistan: CbC reporting, Master file and Local file will be required as of 1 July 2016.
  • Romania: Adoption of CbC reporting is anticipated. Some of the Action 13 Master file content is already required in the transfer pricing documentation.
  • South Korea: The Ministry of Strategy and Finance on 28 December 2016 released a proposal of details with respect to CbC reporting.
  • Japan, Luxembourg, Mexico, South Africa: The information about CbC reports and related reporting has been updated.

 

KPMG report: BEPS Action 13, country implementation - 6 January 2017 [PDF 1 MB]

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