On 4 May 2016, Norway's Finance Minister Siv Jensen submitted a letter to parliament on the adoption of measures based on the OECD BEPS Project, including the implementation of Country-by-Country (CbC) reporting requirements. According to the letter, draft legislation for CbC reporting requirement will be submitted to parliament by the end of May. Based on the public consultation on CbC reporting launched in January (previous coverage), the CbC requirements would be in line with Action 13 guidelines and would apply for fiscal years beginning on or after 1 January 2016 with an annual group revenue threshold of NOK 6.5 billion in the previous year.
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