On 15 March 2017, the Estonian parliament approved Bill 322 SE, which transposes into domestic law the amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of cross border tax rulings and advance pricing agreements (APAs) and Country-by-Country (CbC) reports. The amendments were made by Council Directive (EU) 2015/2376 and Council Directive (EU) 2016/881 respectively. With regard to CbC reporting, the legislation sets out a general framework for the requirements, while referring to Annex III of Council Directive (EU) 2016/881 for most of the specifics. As provided in the legislation: CbC...