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Netherlands Publishes Adopted Law to Amend CbC Reporting Rules including Large Penalty Increase

|Approved Changes|Netherlands
Netherlands

The Netherlands has published in the Official Gazette the law to transpose the amendments made to the EU administrative cooperation Directive (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports as per Council Directive (EU) 2016/881. In addition, the law provides for increased CbC non-compliance penalties.

Since the Dutch CbC reporting requirements were already generally …

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