On 8 April 2016, Russia's Ministry of Finance issued draft legislation for the implementation of Country-by-Country reporting requirements in line with the guidelines developed as part of Action 13 of the OECD BEPS Project. Key aspects of the draft requirements are as follows.
Entities Required to Submit CbC Reports
The ultimate parent entity of an MNE group that is resident in Russia must file a CbC report for the reporting fiscal year if the consolidated annual group revenue in the previ…