The Serbian parliament is currently considering a draft bill amending the Corporate Income Tax Act, including the introduction of Country-by-Country (CbC) reporting requirements. This includes that ultimate parent entities of an MNE group resident in Serbia are required to submit a CbC report if the total consolidated revenue of the group expressed in consolidated financial statements for the preceding period is at least the RSD equivalent of EUR 750 million based on the middle exchange rate of the National Bank of Serbia on the date of adoption of the consolidated financial statements. If required, the CbC report must be submitted...