Federal Council decides on entry into force of CbC Act and CbC MCAA
Bern, 18.10.2017 - During its meeting on 18 October 2017, the Federal Council decided to bring the Federal Act on the International Automatic Exchange of Country-by-Country Reports of Multinationals (CbC Act) into force on 1 December 2017. The Multilateral Competent Authority Agreement of 27 January 2016 on the Exchange of Country-by-Country Reports (CbC MCAA) should enter into force in December. The Federal Council additionally determined the countries with which country-by-country reports are to be exchanged and adopted a declaration on the administrative assistance convention.