This page is regularly updated as other jurisdictions activate their bilateral relations. International agreements on the use and exchange of CBC reports require tax authorities to respect the confidentiality of the information and data provided in the reports. CbC reports are automatically forwarded to the tax authorities of the countries mentioned in the report, with which the UK can exchange information in accordance with international information exchange agreements. Hmrc has committed to exchange these reports within 15 months of the end of the reference period (18 months for the first period). This means that a report for the year ended December 31, 2016, which will be presented by the December 31, 2017 deadline, will be exchanged with the relevant tax authorities before June 30, 2018. For the following year, December 31, 2017, the Exchange will be held until March 31, 2019. HMRC is not informed of the actual date of the exchange. Activated trading relationships can be sorted and displayed both from the point of view of a certain issuance skill (“FROM”) and a certain receiving skill (“TO”). For each exchange report, the legal basis and, if applicable, the validity date and/or activation date are displayed. Currently, there is no country in which HMRC has established that trade agreements do not work effectively. For more details on possible changes, click here. This section presents all the bilateral exchange relations that currently exist for the automatic exchange of CBC reports between tax authorities. The OECD announced that 31 countries have signed the Multilateral Competent Authority Agreement for the automatic exchange of country (MCAA) at a signing ceremony on 27 January 2016.
Under the MCAA, signatories may exchange cbC relationships with other signatories if they have cbC reporting obligations and are parties to the OECD Convention on Mutual Tax Assistance. A statement on the national authority`s multilateral agreement on country exchange of reports (CBC MCAA) of 1 October 2020 was published in the Official Journal. www.oecd.org/tax/beps/country-by-country-exchange-relationships.htm country-by-country reporting data is exchanged under bilateral agreements on the competent authorities (CAA), which are based on double taxation agreements, tax information exchange agreements or the Convention on Mutual Tax Assistance, which allows for the automatic exchange of information. This table includes jurisdictions that are negotiating for an AAC, have complied with U.S. bilateral data protection and infrastructure audit provisions, and have agreed to be on the list.