China: Guidance Issued Clarifying CBC Reporting Information Exchange
Friday, December 29, 2017
China: Guidance issued clarifying country-by-country reporting information exchange
KPMG Report: China’s tax authority recently issued an announcement clarifying that certain provisions of country-by-country (CbC) reporting requirements will not apply for the CbC report for 2016.
“The Announcement 46 clarifies that tax authorities in China will not implement the exchange of information mechanism for 2016 CBC Reports.”
Read the KPMG report here.