The Guernsey government has published the Income Tax (Approved International Agreements) (Implementation) (Country by Country Reporting) Regulations, 2016. The regulations, which came into force on 1 January 2017, provide from the implementation of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country (CbC) reports, and set out the CbC reporting obligations in Guernsey.
The main aspects of Guernsey's CbC reporting requirements are as follows:
- The requirements …