The Czech Ministry of Finance has launched a public consultation on draft legislation (Czech language) for the introduction of Country-by-Country (CbC) reporting requirements in line with Action 13 of the OECD BEPS project, and the requirements included in Council Directive (EU) 2016/881 on the exchange of CbC reports ({News-2016-06-07/A/2- previous coverage}). The consultation runs through 30 August 2016, after which final draft legislation will be submitted to parliament for approval. As drafted, the CbC reporting requirement will apply for fiscal years beginning on or after 1 January 2016 for Czech-parented MNE groups meeting the standard consolidated group revenue threshold of...