The Greek Parliament adopted a draft bill on April 19, 2018, which ratifies the Multilateral Competent Authority Agreement between Greece and United States on the exchange of country by country (CbC) reports.
The CbC report is one element of standardized approach to transfer pricing documentation which is indented to provide tax administrations with relevant and reliable information to perform an efficient and robust transfer pricing risk assessment analysis. Pursuant to the provisions of Article 18 of the Convention, each Competent Authority intends to exchange with the other Competent Authority annually on an automatic basis the CbC Report received from each reporting entity that is resident for tax purposes in its jurisdiction, provided that, on the basis of the information provided in the CbC Report, one or more constituent entities of the MNE Group of the reporting entity are resident for tax purposes in the jurisdiction of the other Competent Authority, or are subject to tax with respect to the business carried out through a permanent establishment situated in the jurisdiction of the other Competent Authority.
