The Czech Republic’s Ministry of Finance has published the text of a Competent Authority Agreement (CAA) concerning the exchange of country-by-country (CbC) reports with the United States on 9 January 2025.
This agreement between the two nations aims to enhance international tax transparency by automatically exchanging annual CbC reports. This collaboration will help assess transfer pricing risks, address base erosion and profit shifting.
The agreement was signed on 28 September 2017.
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