Automatic Exchange of Country-by-Country Reports establishes reciprocal tax information sharing between India and the United States. Exchange of Country-by-Country Reports establishes an automatic exchange framework obliging eligible multinational enterprise groups to file an annual CbC Report through a designated Reporting Entity. Definitions specify Group, MNE Group, Excluded MNE Group based on domestic revenue thresholds, Constituent Entity, and Fiscal Year. Reports must follow the information items and format of the 2015 OECD/G20 Action 13 Report. The Agreement is notified under the Income-tax Act and operates in conjunction with the Convention's exchange of information provisions.
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Provisions expressly mentioned in the judgment/order text.
Automatic Exchange of Country-by-Country Reports establishes reciprocal tax information sharing between India and the United States.
Exchange of Country-by-Country Reports establishes an automatic exchange framework obliging eligible multinational enterprise groups to file an annual CbC Report through a designated Reporting Entity. Definitions specify Group, MNE Group, Excluded MNE Group based on domestic revenue thresholds, Constituent Entity, and Fiscal Year. Reports must follow the information items and format of the 2015 OECD/G20 Action 13 Report. The Agreement is notified under the Income-tax Act and operates in conjunction with the Convention's exchange of information provisions.
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