The Italian Revenue Agency has issued the implementing provisions for the purpose of Country-by-Country (CbC) reporting introduced in the 2016 Budget Law (Law No. 208/2015), as well as the amendments made by Council Directive (EU) 2016/881 to the administrative cooperation Directive (Directive 2011/16/EU) for the exchange of CbC reports in the EU ({News-2017-03-13/A/2-previous coverage}). Italy's CbC reporting requirements are in line with OECD guidelines, including that the requirements appl…