CA Final Amendment – Country by Country reporting – Provision of Finance Act 2018 –
The various provisions relating to country by country reporting are discussed as under : –
MONETARY THRESHOLD FOR MAINTENANCE OF COUNTRY-BY-COUNTRY REPORT : –
As per Rule 10DB, where the consolidated group revenue of international group exceeds Rs. 5500 crores , the group is required to file Country-by-Country report. In cases where the consolidated group revenue of international group does not exceed this limit, the provisions relating to Country-by-Country report are not applicable on the international group. For this purpose, the consolidated group revenue of international group has to be considered as per the consolidated financial statement.