The Czech Republic government approved another amendment to the Act on International Cooperation in Tax Administration to introduce a new duty to share information about financial results, performed activities, staff numbers, and many other indicators. The new amendment aims to introduce the automatic exchange of information by countries (country-by-country reporting). It also introduces new duties for multinational groups of companies with a consolidated turnover exceeding €750 million.
Read a January 2017 report [PDF 277 KB] prepared by the KPMG member firm in the Czech Republic
Other topics included in the report include the following:
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