On 21 March 2017, an amendment to the Dutch legislation to transpose Council Directive (EU) 2016/881 into domestic law was submitted to the lower house of parliament that would set the penalty for failing to comply with notification requirements. The Dutch CbC reporting requirements are already in place, but the legislation is needed to bring those requirements in line with the EU rules ({News-2017-01-24/P/5- previous coverage}). The amendment to the legislation would set a penalty of up to EUR 20,250 for failing to provide the required notification of reporting entity, which is due by the end of the reporting fiscal...