The Barbados Revenue Authority recently published several guidance notes regarding the country's Country-by-Country (CbC) reporting requirements that apply for reporting fiscal years beginning on or after 1 January 2021 for MNE groups meeting an annual consolidated group revenue threshold of USD 850 million. The first CbC report is generally due by 31 December 2022 for reporting fiscal years ending 31 December 2021. One important clarification is provided in the CbC reporting FAQs in relation to the reporting entity. According to the FAQs, the reporting entity is generally the Ultimate Parent Entity, although the Ultimate Parent Entity may appoint a Surrogate...