On 23 November 2016, the Finnish parliament approved the law introducing new transfer pricing documentation requirements, including Country-by-Country (CbC) reporting requirements in line with BEPS Action 13 and Council Directive (EU) 2016/881. Master/Local File The new transfer pricing documentation requirements are based on BEPS Action 13 guidelines and include two sections: Section 1 (Master file), including: Organizational structure; A description of the group's business; A description of the activities related to intangible assets; A description of group financing; The group's consolidated financial statements for the fiscal year or equivalent if available; and Information on unilateral APAs and other relevant cross-border...