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U.S. IRS Issues Guidance Update on CbC Reporting

19 January 2018

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Approved Changes

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United States

On 18 January 2018, the U.S. IRS provided a Country-by-Country Reporting News & Information update via email. The main points of the update email are reproduced as follows: --- 1.  IRS Publishes New Content on Country-by-Country (CbC) Reporting New content is available on the CbC Reporting pages: New CbC Reporting FAQs are now available. The Jurisdiction Status Table contains recently signed Competent Authority Arrangements for the exchange of CbC Reports. 2.  IRS Issues Reminders for U.S. MNEs Filing Form 8975 on Paper If a U.S. multinational enterprise (MNE) files Form 8975 and Schedules A (Form 8975) on paper, the filer must follow...