The Taxation Regulation 2016 of Jersey regarding Country-by-country reporting has been made on 14th December 2016 and the regulations will entry into force on 21st December 2016. It covers a country-by-country (CbC) reporting obligation for accounting periods starting on or after 1st January 2016 under the Action Item 13 of the OECD Base Erosion and Profit Shifting project. Specifically, CbC reports must be presented by multinational groups with a total consolidated group revenue of EUR 750 million or more, or an equal amount in local currency, for an accounting period of 12 months. Also, the reports must be submitted by the group’s ultimate parent entity resident in Jersey for tax purposes, within 12 months after the end of the accounting period to which it shares. Besides, under certain situations, the reporting obligations may also be moved to a subsidiary group or to a permanent establishment. Note that, the CbC report must include appropriate information as defined and set out in Annex III and IV to Chapter V of the OECD “Transfer Pricing Documentation and Country-by Country Reporting – Action 13: 2015 Final Report”. Some penalties impose on the case of omitted or late filing and filing of inaccurate information.