France Publishes List Of Territories Exempt From CbC Local Filing
by Ulrika Lomas, Tax-News.com, Brussels
31 July 2020
On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under France's country-by-country (CbC) reporting regime.
CbC reports are required from groups whose annual consolidated global turnover exceeds EUR750m (USD869m). Typically such reports are filed in the jurisdiction in which the ultimate parent entity is based. A local filing obligation arises where such CbC reports are not shared with authorities in France.
The Decree of July 20, 2020, exempts from the local filing obligation groups filing CbC reports in the following jurisdictions on account of them having an agreement in place with France for the exchange of CbC reports: Andorra, the Cayman Islands, Colombia, Curacao, Monaco, Nigeria, Pakistan, Peru, Qatar, Switzerland, and the United Kingdom.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
