On 20 December 2016, the Czech Ministry of Finance announced that the government has approved the draft legislation to amend Act no. 164/2013 Coll., on International Cooperation in Tax Administration to transpose BEPS measures, including the amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports as per Council Directive (EU) 2016/881. Key aspects of the draft are for the most part unchanged from the initial draft issued in August 2016 ({News-2016-08-17/P/2- previous coverage}), including that reporting threshold is the standard EUR 750 million (or equivalent in Czech...