In reference to the Decision No. 79/2020 on Rules for Country-By-Country Reporting that specified designated persons (MNEs), information to be provided, retention periods, and the procedures to be followed in this regard; and after considering that the provisions of this decision applies to the reporting fiscal year that begins on 1 January 2020; and in light of circumstances related to the Covid-19 pandemic and its impact on the business sector, The Tax Authority announces an extension in relation to the deadline for filing the notification under Article (5) of the aforementioned decision for entities whose reporting fiscal year ends 31 December 2020.
The deadline has been extended up to April 30, 2021. This decision aims at assisting the addressees by the decision and takes into consideration the exceptional circumstances this year. Whereas, the deadline for filing the report stipulated in Article (7) of the same decision remains unchanged.
