Country By Country (CBCR) – The list of States that apply CBCR legislation has been updated
As a reminder, companies with a consolidated turnover in excess of 750 million euros are required to file a CBCR declaration each year, which must contain information relating to profits and their location. However, entities owned or controlled by a legal entity established in a State that has adopted similar regulations and has concluded an agreement with France allowing automatic data exchange are exempt from this obligation. This list of countries participating in the automatic exchange with France has been updated and completed by Andorra, Colombia, Curaçao, the Cayman Islands, Monaco, Nigeria, Pakistan, Peru, Qatar, Switzerland and the United Kingdom. Israel, on the other hand, has been removed from the list.
For more information please email [email protected]