Country-by-country reporting updated: filing timeframe extended and information-exchange agreements broadened to cover additional reports. The amendment replaces the previous due-date rule with a twelve-month reporting period from the end of the reporting accounting year, adds cross-references to a new subsection addressing alternate filing circumstances, introduces a prescribed filing period power, inserts an exception where the parent entity is not obligated to file, refines singular/plural entity references, and redefines 'agreement' to combine an intergovernmental tax agreement with a notified exchange agreement for the report.
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Provisions expressly mentioned in the judgment/order text.
Country-by-country reporting updated: filing timeframe extended and information-exchange agreements broadened to cover additional reports.
The amendment replaces the previous due-date rule with a twelve-month reporting period from the end of the reporting accounting year, adds cross-references to a new subsection addressing alternate filing circumstances, introduces a prescribed filing period power, inserts an exception where the parent entity is not obligated to file, refines singular/plural entity references, and redefines "agreement" to combine an intergovernmental tax agreement with a notified exchange agreement for the report.
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