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BEPS Action 13: Latest country implementation update

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.

Read more >

Recent Articles

May 2018

16 May - OECD: UAE joins BEPS inclusive framework

14 May - South Africa: Penalties for non-compliance; country-by-country reporting, transfer pricing returns

11 May - OECD: Bahrain, Saint Lucia join BEPS inclusive framework

10 May - Taiwan: Country-by-country reporting for 2017 corporate income tax return

1 May - Australia: ATO's final draft, Australian Local file requirements for 2018 tax years

April 2018

27 Apr - Hong Kong: Transfer pricing amendments to the “BEPS bill”

18 Apr - OECD: Developing countries addressing BEPS; mining sector’s excessive interest deductions

13 Apr - India: Proposed advance ruling changes, implementing BEPS Action 5 (permanent establishments)

10 Apr - United States: Updated FAQs on country-by-country reporting, guidance for national security contractors

10 Apr - OECD: Transfer pricing “country profiles” add new profiles for 14 countries

4 Apr - United States: Observations about Notice 2018-31: Country-by-country reporting by “specified national security contractors”

4 Apr - Luxembourg: Ratification of BEPS multilateral instrument expected in 2018

March 2018

30 Mar - United States: IRS guidance on country-by-country reporting by “specified national security contractors”

26 Mar - Argentina: Country-by-country notification deadline extended to 2 May 2018

23 Mar - UK: Voluntary preparation of Master file, Local file documentation; UK-parented multinational entities

23 Mar - OECD: Multilateral BEPS convention (MLI) entry into force 1 July 2018 (Slovenia, Austria, Isle of Man, Jersey, Poland)

22 Mar - EU: Guidelines from European Commission, avoid channeling EU funds through non-cooperative tax jurisdictions (EU “blacklist”)

22 Mar - OECD: Additional guidance on attribution of profits to permanent establishments (BEPS Action 7)

21 Mar - EU: Proposals for taxation of digital businesses

20 Mar - Nigeria: Country-by-country reporting to be added to transfer pricing rules

20 Mar - Netherlands: Update about multilateral instrument (MLI)

16 Mar - OECD: Interim report, tax challenges from digitalisation (BEPS)

16 Mar - Poland: Extended deadline for transfer pricing documentation requirements

16 Mar - India: Lower house passes Finance Bill 2018; changes to country-by-country reporting, Master file rules

13 Mar - EU: Disclosure rules, reportable cross-border arrangements by tax advisers

12 Mar - OECD: Improving tax dispute resolution mechanisms under BEPS Action 14, including MAP access

9 Mar - Australia: Hybrid mismatch arrangements (BEPS Action 2); revised draft legislation for public consultation

7 Mar - EU: Aggressive tax planning; focus on interest, royalties, transfer pricing

6 Mar - Mauritius: Country-by-country reporting regulations, effective July 2018

February 2018

26 Feb - Kazakhstan: Transfer pricing documentation includes country-by-country reporting

26 Feb - Lithuania: New transfer pricing documentation rules in draft order

22 Feb - Italy: Draft transfer pricing regulations released for public consultation

21 Feb - Canada: BEPS Multilateral Instrument (MLI) ratification process initiated

13 Feb - Costa Rica: Details on country-by-country reporting requirements

13 Feb - Poland: Guidance on preparation of transfer pricing documentation

8 Feb - OECD: Update on BEPS implementation, country-by-country reporting

6 Feb - Malaysia: Revisions, updates to APA rules and MAP guidelines

2 Feb - India: Transfer pricing proposals in 2018 budget, country-by-country reporting clarifications

January 2018

29 Jan - Australia: Country-by-country reports, Master and Local files due 15 February 2018, Australian taxpayers with December year-end

24 Jan - OECD: Multilateral risk assessment pilot program, transfer pricing information

18 Jan - United States: Updated FAQs, information about country-by-country reporting

9 Jan - Taiwan: Safe harbor exemption, Master file and country-by-country reporting submissions

5 Jan - France: Transfer pricing documentation measures included in new law

5 Jan - Malaysia: Country-by-country reporting update

3 Jan - Argentina: Transfer pricing rules reformed, revised

2 Jan - Hong Kong: BEPS legislation, move towards enhanced transfer pricing enforcement regime

2017 Articles

December 2017

26 Dec - China: Guidance clarifying country-by-country reporting, information exchange

22 Dec - Austria: Country-by-country reporting by year-end

21 Dec - Switzerland: Country-by-country reporting for FY 2016, filing is due 31 December 2017

21 Dec - Malaysia: Reminder of approaching country-by-country reporting notification deadline

21 Dec - OECD: Jurisdictions implement final regulations for first filings of country-by-country reports

18 Dec - OECD: 2017 update to the “Model Tax Convention” addresses BEPS

15 Dec - Hungary: Country-by-country reporting and notification requirements, deadlines

14 Dec - Czech Republic: Review of first-phase common errors, country-by-country reporting

13 Dec - New Zealand: BEPS implementing legislation would affect related-party loans, transfer pricing rules

12 Dec - Italy: Deadline for filing country-by-country reports postponed

11 Dec - Greece: Guidelines for country-by-country reports

8 Dec - South Africa: Country-by-country reporting returns, due date extended

4 Dec - OECD: First review of BEPS Action 5 minimum standard, spontaneous exchange on tax rulings

1 Dec - Italy: Implementing guidelines for country-by-country reports

November 2017

30 Nov - OECD: Updated guidance on country-by-country reporting (BEPS Action 13)

28 Nov - Thailand: Preferential tax regimes, status under BEPS “harmful tax practices” standard

27 Nov - OECD: Mutual agreement procedure (MAP) statistics for 2016

23 Nov - OECD: 2017 update to the OECD Model Tax Convention approved

23 Nov - Australia: ATO grants extension of time to file country-by-country statements

22 Nov - Taiwan: Transfer pricing documentation to include country-by-country reporting, Master file

21 Nov - Romania: Guidance on form for country-by-country reporting

21 Nov - United States: IRS update to jurisdiction status table, country-by-country reporting

20 Nov - Peru: Transfer pricing documentation—country-by-country reporting, Master file, Local file

13 Nov - Singapore: Tax incentives meet international BEPS standards

7 Nov - Costa Rica: Country-by-country reporting, draft resolution released

3 Nov - Italy: Agreement for automatic exchange of country-by-country reports with United States

2 Nov - India: Final rules on country-by-country reporting, Master file requirements

1 Nov - Bulgaria: Country-by-country reporting procedure, format approved

October 2017

26 Oct - India: First country-by-country report due date extended to 31 March 2018

25 Oct - OECD: Public consultation on 1 November, tax challenges of digitalisation

24 Oct - OECD: Guidance on VAT and consumption tax collection, cross-border sales (BEPS Action 1)

20 Oct - Hungary: Country-by-country reporting form, released by tax authority

18 Oct - OECD: Comments to tax challenges of digitalization (BEPS Action 1)

18 Oct - Poland: Country-by-country reporting, template of electronic form available

16 Oct - OECD: Update on BEPS project; harmful tax incentives being dismantled

11 Oct - Czech Republic: Country-by-country reporting implemented

11 Oct - OECD: Country-by-country reporting implementation status, exchange relationships (BEPS Action 13)

10 Oct - Greece: Country-by-country reporting update

9 Oct - India: Proposed country-by-country reporting, Master file rules

6 Oct - OECD: Comments on BEPS discussion drafts, attribution of profits to permanent establishments and transactional profit splits

5 Oct - Malaysia: Country-by-country reporting guidance

3 Oct - Switzerland: Country-by-country reporting ordinance effective 1 December 2017; voluntary reporting begins 1 November

September 2017

29 Sep - Japan: Tax agency’s Q&A guidance on mutual agreement procedure (MAP)

29 Sep - OECD: BEPS delivery, exchanges of information, shared economy addressed at meeting of tax commissioners

26 Sep - OECD: First peer reviews, implementation of BEPS tax dispute resolution mechanisms (including MAPs)

26 Sep - Argentina: Country-by-country reporting rules

25 Sep - OECD: Tax administrations to discuss BEPS, information exchanges

20 Sep - United States: IRS updates country-by-country reporting guidance

20 Sep - OECD: IT guidelines for country-by-country reporting exchanges

19 Sep - KPMG report: Discussion draft, attribution of profits to permanent establishments (comments on BEPS Action 7)

18 Sep - KPMG report: Discussion draft, BEPS Action 10 revised guidance on profit splits

14 Sep - Lithuania: Country-by-country reporting rules

6 Sep - OECD: New guidance on country-by-country reporting (BEPS Action 13)

August 2017

30 Aug - United States: List of countries for country-by-country reporting data exchanges

29 Aug - Taiwan: Country-by-country reporting requirements in draft transfer pricing documentation rules

22 Aug - Country-by-country reporting: Timeline of notification requirements per country

22 Aug - Australia: Practical experiences on filing Part A of Australian Local files for some “significant global entities”

18 Aug - UK: Updated HMRC guidance for filing country-by-country reports

17 Aug - Bulgaria: Rules for country-by-country reporting

17 Aug - Greece: Country-by-country reporting measures are enacted

17 Aug - OECD: Nigeria signs multilateral instrument (MLI) agreement

14 Aug - Latvia: Transfer pricing reporting requirements include country-by-country reports

11 Aug - United States: IRS now accepting country-by-country report (Form 8975)

4 Aug - New Zealand: Update on BEPS, transfer pricing proposals 

1 Aug - Hong Kong: Transfer pricing legislation expected by late 2017; findings of BEPS consultation

1 Aug - India: Country-by-country reporting, update

1 Aug - OECD: Draft toolkit, addressing taxation of offshore indirect transfers of assets

July 2017

27 Jul - OECD: BEPS Action 2 report; recommendations on branch mismatches

20 Jul - Czech Republic: Legislation for implementing country-by-country reporting advances

19 Jul -  Australia: ATO compliance activity relating to transfer pricing; updates about compliance, CbC documentation

18 Jul - OECD: Additional guidance for country-by-country reporting (BEPS Action 13)

11 Jul - OECD: Cameroon signs multilateral convention to implement BEPS

11 Jul - OECD: Draft contents of 2017 update to Model Tax Convention

10 Jul - OECD: Updates to transfer pricing guidelines for multinational enterprises 

10 Jul - Asia Pacific: Country-by-country reporting; implementation issues

7 Jul - EU: European Parliament adopts report on proposal for “public” country-by-country reporting

7 Jul - United States: IRS provides FAQs on country-by-country reporting

5 Jul - OECD: Report on status of CRS, BEPS for G20 leaders

5 Jul - OECD: Comments on BEPS discussion draft; guidance on hard-to-value intangibles

5 Jul - OECD: Mauritius signs the BEPS multilateral convention

June 2017

30 Jun - United States: Form 8975 and instructions for country-by-country reporting; IRS launches CbC webpage

28 Jun - OECD: Update on international tax transparency

27 Jun - KPMG report: Discussion draft, BEPS Action 10 revised guidance on profit splits

23 Jun - KPMG reports: Effects of multilateral instrument implementing BEPS in various tax treaties

23 Jun - Romania: Country-by-country reporting added to tax law

22 Jun - OECD: BEPS inclusive framework, update on country-by-country reporting exchanges

22 Jun - OECD: BEPS discussion drafts, attribution of profits to permanent establishments and transactional profit splits

21 Jun - Canada: New exchange arrangement with United States, to implement country-by-country reporting standard

21 Jun - EU: Proposed mandatory disclosure of reportable tax planning cross-border arrangements

19 Jun - UK: Country-by-country reporting, notification to HM Revenue & Customs

16 Jun - Russia: Status of country-by-country reporting, transfer pricing documentation proposals

12 Jun - OECD: Botswana joins BEPS inclusive framework 

9 Jun - KPMG analysis: Multilateral instrument implementing the treaty-related BEPS provisions

9 Jun - OECD: Taxpayer input requested, third batch of BEPS “dispute resolution” peer reviews

8 Jun - KPMG reports: Initial impressions of multilateral instrument implementing BEPS in tax treaties

7 Jun - OECD: Countries sign multilateral instrument, implementing BEPS in tax treaties

6 Jun - OECD: Multilateral convention implementing BEPS recommendations into treaties; signing ceremony on 7 June 

6 Jun - Hungary: Country-by-country reporting approved by parliament

5 Jun - Colombia: Legislative measures implementing BEPS actions on CFCs, preferential tax regimes, VAT on cross-border services

2 Jun - Poland: Multilateral convention implementing BEPS; effects on Poland's tax treaties currently unknown

2 Jun - OECD: Thailand joins BEPS inclusive framework

May 2017

31 May - OECD: Djibouti joins BEPS inclusive framework

30 May - OECD: Initial impressions about discussion draft, hard-to-value intangibles

30 May - OECD: Peer review, assessing BEPS Action 6 minimum standard

30 May - Pakistan: Transfer pricing audit, penalty provisions in budget 2017

30 May - Turkey: Transfer pricing provisions and country-by-country reporting rules

26 May - KPMG report: Potential ripple effects of BEPS reforms, beyond tax issues

24 May - Israel: Update on status of country-by-country reporting

23 May - OECD: Discussion draft, guidance on hard-to-value intangibles

19 May - India: Cabinet approves signing of multilateral convention for BEPS purposes

18 May - France: Country-by-country reporting notification and filing requirements

11 May - Korea: Update on country-by-country reporting, transfer pricing rules

9 May - India: Status of country-by-country reporting

8 May - Australia: BEPS, business travelers and permanent establishments

4 May - OECD: Country-by-country reporting implementation status; exchange relationship between tax administrations

April 2017

25 Apr - Costa Rica: Master file, Local file and other recordkeeping requirements

23 Apr - Russia: Updated country-by-country reporting, transfer pricing documentation proposals

21 Apr - Netherlands: Measures on exchanging country-by-country reports

19 Apr - Global M&A landscape changing due to BEPS recommendations

19 Apr - Australia: Country-by-country reporting, Local and Master files detailed design

13 Apr - Asia: Preparing for BEPS Action 1

13 Apr - Czech Republic: Proposed amendment requires multinational groups to prepare country-by-country report

13 Apr - OECD: Belize and Cayman Islands join BEPS inclusive framework

13 Apr - OECD: Global forum discussing VAT systems

10 Apr - UK: Transfer pricing dispute resolution, new remedies reflecting BEPS recommendations

7 Apr - OECD: Regional meeting on BEPS framework

6 Apr - OECD: Updated country-by-country guidance, under BEPS Action 13

3 Apr - Hong Kong: Human resources and global mobility BEPS issues

3 Apr - Germany: Discussion draft, transfer pricing documentation requirements

March 2017

29 Mar - Poland: Transfer pricing, country-by-country reporting exchange of information

14 Mar - Australia: Considering how CbC reporting may affect globally mobile workforce

13 Mar - Australia: ATO guidance for the Australian “Local file”

10 Mar - Italy: Implementing decree, country-by-country reporting rules

8 Mar - Sweden: Guidance on country-by-country reporting notification, filing process

3 Mar - Sweden: Transfer pricing documentation, country-by-country reporting legislation passed by parliament

3 Mar - New Zealand: Transfer pricing, BEPS measures released for consultation

1 Mar - Vietnam: Country-by-country reporting part of expanded transfer pricing documentation guidelines

February 2017

28 Feb - China: Update on BEPS; recommendations adopted and implemented

24 Feb - United States: Draft instructions for Form 8975, Country-by-Country Report

21 Feb - EU: Directive on hybrid mismatches with third countries, consistent with BEPS Action 2

20 Feb - Switzerland: BEPS outlook following voters' rejection of corporate tax reform

17 Feb - Canada: Country-by-country reporting form is released

14 Feb - France: Country-by-country reporting form

8 Feb - Luxembourg:Potential impact on financial sector, BEPS Action 7 (Artifical avoidance of permanent estabishment status)

1 Feb - OECD: Peer review documents, assessment of BEPS minimum standards (Actions 13 and 5)

January 2017

30 Jan - OECD: Comments requested, peer reviews of BEPS Action 14 (dispute resolution)

27 Jan - OECD: Seven jurisdictions agree to automatic sharing of country-by-country information

26 Jan - Indonesia: New transfer pricing requirements include country-by-country reporting

24 Jan - Belgium: Transfer pricing documentation

19 Jan - United States: IRS guidance on country-by-country report filing process

17 Jan - United States: Preparing for BEPS under the new administration

16 Jan - Australia: Q&As on country-by-country reporting

14 Jan - Peru: Transfer pricing legislation reflects OECD recommendations

12 Jan - United States: Draft Form 8975 for country-by-country reporting

10 Jan - Cyprus: Decree adopting country-by-country reporting; notification extended to October 2017

6 Jan - OECD: Draft examples, BEPS Action 6 interaction with treaty entitlement of non-CIV funds

6 Jan - Malaysia: Final rules on annual country-by-country reporting

5 Jan - South Africa: Country-by-country reports, final regulations

3 Jan - Brazil: Country-by-country reporting rules

3 Jan - Chile: Country-by-country reporting required in new transfer pricing affidavit

3 Jan - Korea: Country-by-country reporting, transfer pricing reporting proposed changes

Cyprus: Decree adopting country-by-country reporting; notification extended to October 2017

Cyprus: Decree adopting country-by-country reporting; notification extended to October 2017

2016 Articles

December 2016

28 Dec - Luxembourg: Country-by-country reporting, notification procedure

22 Dec - OECD: Updated guidance released, BEPS Action 4 and interest deductions and other financial payments

20 Dec - Luxembourg: Country-by-country reporting law passed by parliament

16 Dec - UK: Guidance on hybrid mismatch rules, effective 1 January 2017

16 Dec - UK: Official response to bilateral tax treaty changes proposed by the BEPS Multilateral Instrument

15 Dec - Slovakia: Country-by-country reporting introduced in new government bill

13 Dec - France: Country-by-country public financial reporting held unconstitutional

9 Dec - Denmark: Country-by-country notification requirements

7 Dec - Australia: Country-by-country reporting Q&As

5 Dec - Norway: Country-by-country reporting pursuant to BEPS Action 13

5 Dec - OECD: BEPS guidance on country-by-country reporting, country-specific information on implementation

5 Dec - OECD: Mutual agreement procedure (MAP) statistics for 2015

November 2016

30 Nov - Finland: Country-by-country reporting, Master file, Local file requirements

25 Nov - OECD: Macau, Mauritius and Ukraine join BEPS inclusive framework

24 Nov - OECD: Multilateral convention to implement BEPS into tax treaties

22 Nov - Netherlands: Country-by-country reporting, 2016 notification deadline is extended

17 Nov - Brazil: Initial BEPS guidance on dispute resolution; CbC consultation

4 Nov - Australia: Possible consequences, proposed changes to definition of
“permanent establishment”

3 Nov - OECD: Panama joins BEPS inclusive framework

1 Nov - OECD: Taxpayer questionnaire, input into MAP process

OECD: Macau, Mauritius and Ukraine join BEPS inclusive framework

OECD: Macau, Mauritius and Ukraine join BEPS inclusive framework

OECD: Macau, Mauritius and Ukraine join BEPS inclusive framework

October 2016

31 Oct - OECD: Reminder about business survey on tax certainty; 16 December cutoff

31 Oct - OECD: BEPS Action 14, peer reviews schedule

28 Oct - Hong Kong: Consultation on formal transfer pricing regime

28 Oct - OECD: Automatic exchange of tax information agreement, signed by Cook Islands

27 Oct - OECD: Panama signs agreement for automatic exchange of tax information

25 Oct - Channel Islands: Country-by-country reporting, draft regulations in Jersey

24 Oct - Singapore: Country-by-country reporting guide

21 Oct - Ireland: Irish Revenue updates FAQs on country-by-country reporting

21 Oct - Cyprus: Amendments to intellectual property tax regime, implementing BEPS recommendations

21 Oct - OECD: Five jurisdictions agree to automatic exchange of country-by-country reports

21 Oct - Vietnam: Draft decree to implement transfer pricing standards, BEPS recommendations

20 Oct - OECD: MAP peer review, for resolving treaty-related disputes (BEPS Action 14)

19 Oct - OECD: Andorra joins BEPS inclusive framework

18 Oct - OECD: Business survey; tax certainty to support G20 tax agenda

14 Oct - IRS legal advice memo: Legal responsibilities to protect return information, under OECD’s transmission system

14 Oct - UK: Practical issues that businesses may face concerning country-by-country reporting

13 Oct - Australia: Involving human resources, mobility professionals in country-by-country reporting 

10 Oct - France: Decree implementing country-by-country reporting

September 2016

29 Sep - Hong Kong: Incentives for intra-group financing activities, corporate treasury centres

28 Sep - Channel Islands: Country-by-country reporting, consultation in Guernsey

28 Sep - OECD: Public consultation on BEPS-related transfer pricing matters, 11-12 October

28 Sep - Sweden: Country-by-country reporting provisions in budget bill for 2017

27 Sep - Australia: Country-by-country reporting exemption guidance

23 Sep - OECD: Comments on “branch mismatch structures” under BEPS Action 2 

20 Sep - Denmark: New executive order on country-by-country reporting

16 Sep - Russia: Country-by-country reporting requirements, transfer pricing documentation

15 Sep - OECD: Comments on discussion draft, interest from banking and insurance under BEPS Action 4

13 Sep - United States: EC state aid investigations show need for tax reform

9 Sep - UK: Public country-by-country reporting, amendment to Finance Bill 2016 

8 Sep - New Zealand: Proposal, implementing BEPS Action 2 hybrid mismatch recommendations

7 Sep - OECD: Comments on BEPS discussion drafts—profit splits, profits attributed to permanent establishments

6 Sep - OECD: Status report on BEPS for G20 leaders

1 Sep - Brazil: Automatic exchange of country-by-country reports

August 2016

25 Aug - OECD: Initial analysis of discussion draft, branch mismatch structures

25 Aug - OECD: Public comments, group ratio rule under BEPS Action 4

24 Aug - U.S. Treasury “white paper” on EC’s state aid investigations of transfer pricing rulings

24 Aug - OECD: Comments on proposed amendments, OECD Transfer Pricing Guidelines

22 Aug - Liechtenstein: Automatic exchange of country-by-country reporting

22 Aug - OECD: Discussion draft, branch mismatch structures under BEPS Action 2

18 Aug - Czech Republic: Automatic exchange of APAs, country-by-country reporting proposals

16 Aug - Israel: Country-by-country reporting, transfer pricing documentation in budget plan

11 Aug - Nigeria: Country-by-country reporting, implementation moves forward

9 Aug - Canada: Discussion, observations about country-by-country reporting proposal

8 Aug - Asia Pacific: Country-by-country reporting, status update for region

8 Aug - EU: Country-by-country reporting—an EU perspective

5 Aug - Australia: Review of transfer pricing developments since 2012; plans for more BEPS changes

5 Aug - Luxembourg: Draft law for country-by-country reporting submitted to Parliament 

3 Aug - Canada: Country-by-country reporting requirements in draft legislative proposals

1 Aug - KPMG report: Discussion draft on approaches to address BEPS involving Interest in banking and insurance sectors

1 Aug - KPMG report: Indirect tax implications of BEPS project

1 Aug - Korea: Revised legislation, transfer pricing and country-by-country reporting rules

July 2016

28 Jul - OECD: Discussion draft, BEPS in banking and insurance sectors

25 Jul - Austria: New transfer pricing documentation, country-by-country rules effective for 2016

25 Jul - OECD: Report on status of BEPS project

18 Jul - OECD: Jamaica joins BEPS framework

14 Jul - Australia: Government's approach to key BEPS actions following the 2016 federal election

13 Jul - China: Transfer pricing documentation, related-party reporting guidance from BEPS project

12 Jul - OECD: BEPS status update

11 Jul - Hong Kong: BEPS participation, recommendations pending government action

11 Jul - OECD: Discussion draft, “group ratio rule” under BEPS Action 4

7 Jul - OECD: Discussion draft under BEPS Actions 8-10, profit split guidance 

7 Jul - OECD: Discussion draft under BEPS Action 7, profits attributed to
permanent establishments

6 Jul - Hong Kong: Transfer pricing and BEPS considerations—intangible property and R&D activities

5 Jul - Belgium: Country-by-country reporting, transfer pricing documentation; new law is published

4 Jul - Japan: Guidance under new transfer pricing documentation rules

4 Jul - OECD: BEPS discussion drafts include revised guidance on profit splits

4 Jul - OECD: Comments invited on revised transfer pricing guidelines

1 Jul - Germany: Country-by-country reporting, BEPS items in draft bill

June 2016

30 Jun - OECD: New inclusive framework, 80+ countries at BEPS meeting

29 Jun - United States: Initial description of country-by-country reporting final regulations

29 Jun - OECD: Guidance on implementation of country-by-country reporting

29 Jun - United States: Country-by-country reporting, final regulations (text)

28 Jun - New Zealand: Recommendations for foreign trusts, inbound investment, BEPS proposals

28 Jun - OECD: Offshore tax evasion convention signed by Dominican Republic, Nauru

24 Jun - Singapore: Country-by-country reporting

21 Jun - EU: Agreement on directive reached, new tax avoidance rules

20 Jun - Finland: Transfer pricing documentation, country-by-country reporting draft legislation

16 Jun - OECD: Webcast discussions about BEPS, tax transparency

15 Jun - OECD: BEPS amendments incorporated into Transfer Pricing Guidelines

7 Jun - EU: Council approves country-by-country reporting, mandatory automatic exchanges of tax information 

2 Jun - KPMG’s initial analysis of OECD discussion draft: Development of multilateral instrument

2 Jun - OECD: Jamaica, Uruguay sign tax-assistance convention, Brazil completes ratification

1 Jun - OECD: Multilateral instrument to implement tax treaty-related BEPS measures, request for comments

May 2016

25 May - Australia: Country-by-country, final Local files released

25 May - Norway: Transfer pricing documentation, country-by-country reporting included in political agreement

23 May - Netherlands: Proposed “innovation box” changes, align with BEPS recommendations

23 May - US: Senators again express concerns about EC state-aid investigations

20 May - China: Participation in global tax initiatives (BEPS, CRS)

19 May - Denmark: New transfer pricing documentation requirements

19 May - Austria: Proposed legislation, transfer pricing documentation and country-by-country reporting

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