On 23 December 2016, the Income Tax (Country-by-Country Reporting) Rules 2016 was published in Malaysia's Federal Gazette. The main aspects include: The CbC reporting requirement applies for MNE groups meeting an MYR 3 billion consolidated revenue threshold in the previous financial year; The content of the CbC report is in line with BEPS Action 13 guidelines; The financial information should be in denominated in Malaysian ringgit; The report should be filed on an electronic medium or through electronic transmission in XML format; The requirement to file a CbC report primarily applies to the ultimate holding (parent) company that is resident...