Iceland updates regulation on CbC reporting

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The Ministry of Finance and Economic Affairs issued Regulation No. 245/2017 amending Regulation No. 1166/2016 regarding country-by-country (CbC) reporting on 24 March 2017. The amendment aligns the wording of article 4 of the model provision related to CbC reporting in the OECD BEPS Action 13.

 

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