Automatic exchange of country-by-country reports enables annual CbC information sharing between India and the United States. The Central Government notified an Agreement implementing automatic exchange of Country-by-Country (CbC) Reports between India and the United States, defining MNE Group reporting scope, Excluded MNE Group thresholds, Reporting and Constituent Entities, and adopting the 2015 OECD/G20 CbC Report format. Competent Authorities will annually exchange CbC Reports when constituent entities or permanent establishments exist in the other jurisdiction, and must conclude an Arrangement to govern timing, transmission, error handling, confidentiality, permitted use, consultations, and modifications; confidentiality and limitation-of-use protections of the underlying Convention continue to apply, and the Agreement provides for consultations, amendment, entry into force, and termination rules.