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U.S. Signs CbC Exchange Arrangements with Belgium, Brazil, Isle of Man, Jamaica, and Malta

24 July 2017

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Treaty Development

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United States-Belgium-Brazil-Isle Of Man-Jamaica-Malta

According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed competent authority arrangements on the exchange of Country-by-Country (CbC) Reports with Belgium, Brazil, the Isle of Man, Jamaica, and Malta on 20 July 2017. The arrangements were not yet published at the time of writing, but will likely be published on the IRS competent authority arrangements web page in the near future and are expected to be effective for fiscal years starting on or after the effective dates of the CbC regulations in the respective jurisdictions (generally 1 January 2016, although Isle of Man's regulations...