On 29 June 2016, the OECD issued additional guidance on the implementation of Country-by-Country (CbC) reporting. The guidance covers the following.
Transitional filing options for MNEs ("parent surrogate filing")
The transitional filing options include that jurisdictions that do not yet have CbC reporting requirements for the year concerned may accommodate voluntary filing for ultimate parent entities resident in their jurisdiction, and such filing may fulfill the CbC reporting obligation…