19 April 2016 Russia issues draft law on country-by-country reporting requirements for public consultation The Russian Finance Ministry issued a draft law on April 8, on the introduction of country-by-country reporting in Russia (Draft Law). The Draft Law has been developed as part of the implementation of base erosion and profit shifting (BEPS) international tax initiatives in Russia and is largely consistent with the recommendations set forth by the Organisation for Economic Co-operation and Development (OECD). Country-by-country (CbC) reporting is envisaged in the Report on Action 13 of the BEPS Action Plan, issued in October 2015, and proposes a three-tiered tax reporting system for international groups (CbC reporting, master file and local file). Document ID: 2016-0707 |
