Country by Country Reporting exchange requires mutual notification, data safeguards, and permits suspension for significant non compliance. Competent Authorities must notify the Co ordinating Body Secretariat that they have laws to require and receive Country by Country Reports, indicate non reciprocity status, provide electronic transmission methods and confirm confidentiality and data safeguards; the Secretariat will publish participating Authorities and specified notification details, and exchanges take effect between two Authorities only after mutual notification and when the Convention is in force for both. Suspensions for significant non compliance and twelve month termination notices are permitted, with previously exchanged information remaining confidential.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Country by Country Reporting exchange requires mutual notification, data safeguards, and permits suspension for significant non compliance.
Competent Authorities must notify the Co ordinating Body Secretariat that they have laws to require and receive Country by Country Reports, indicate non reciprocity status, provide electronic transmission methods and confirm confidentiality and data safeguards; the Secretariat will publish participating Authorities and specified notification details, and exchanges take effect between two Authorities only after mutual notification and when the Convention is in force for both. Suspensions for significant non compliance and twelve month termination notices are permitted, with previously exchanged information remaining confidential.
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