On 3 February 2021, Government published a Decree of 3 February 2021, amending the order of July 6, 2017 amended in accordance with II of article 223 quinquies C of the general tax code. The decree comes into force the day after its publication. Article 223 quinquies C of the CGI makes mandatory the filing of a CbC declaration by multinationals with consolidated worldwide turnover greater than or equal to € 750 million. Under the Decree, entities owned or controlled by a legal person established in a State or territory appearing on the list mentioned in II of this article are exempt from the local filing provided in the French Country-by-Country (CbC) reporting rules.
With the updates, the complete list of jurisdictions meeting the conditions for the exemption from local filing for fiscal years beginning on or after 1 January 2019 includes: all EU Member States, Andorra, Anguilla, Australia, Argentina, Belize, Bermuda, Brazil, the British Virgin Islands, Canada, Caymans Islands, Chile, China, Colombia, Costa Rica, Curacao, Gibraltar, Guernsey, Hong Kong, Iceland, India, Indonesia, Isle of Man, Japan, Jersey, Kazakhstan, Liechtenstein, Malaysia, Mauritius, Mexico, Monaco, New Zealand, Nigeria, Norway, Pakistan, Panama, Peru, Qatar, Russia, San Marino, Saudi Arabia, Singapore, South Africa, South Korea, Switzerland, the United Arab Emirates, the United Kingdom, and Uruguay.
