According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Lithuania on 30 August 2017. It is effective from the date it was signed. The arrangement provides that pursuant to the provisions of Article 27 (Exchange of Information and Administrative Assistance) of the 1998 income tax treaty between the two countries, each competent authority intends to automatically exchange CbC reports received from each reporting entity resident for tax purposes in its jurisdiction, provided that, on the basis of the information provided in the...