Jurisdictions implement final regulations for first filings of CbC Reports
Bilateral exchange relationships are currently in place for the automatic exchange of Country by Country (CbC) Reports between tax authorities according to the OECD. As of December 2017, there are over 1,400 bilateral exchange relationships activated with respect to jurisdictions committed to exchanging CbC Reports, with first exchanges scheduled to take place in 2018.
These include exchanges between the 68 signatories to the CbC multilateral competent authority agreement, between EU member states under EU Council Directive 2016/881/EU and between signatories to bilateral competent authority agreements for exchanges under Double Tax Conventions or Tax Information Exchange Agreements, including 31 bilateral agreements with the United States.