India's Central Board of Direct Taxes has issued Notification No. 31/2021 of 5 April 2021, which contains the Income-tax (9th Amendment) Rules, 2021. One of the key changes is an increase in the reporting (exemption) threshold for Country-by-Country (CbC) reporting from INR 55 billion (5,500 crore) to INR 64 billion (6,400 crore) consolidated group revenue in the preceding year. This brings th…