Bermuda has become the 33rd signatory of the [Multilateral Competent Authority Agreement]( for the automatic exchange of Country-by-Country reports (CbC MCAA), which is based on Article 6 of the [Multilateral Convention on Mutual Administrative Assistance in Tax Matters]( and puts in place the automatic exchange framework for exchanging Country-by-Country Reports, as contemplated by [BEPS Action 13](

MNEs headquartered in Bermuda will file their CbC information to the Minister of Finance by December 31, 2017. This is an extension of Bermuda’s move in October 2014 to become an early adopter of the OECD’s other automatic exchange of tax information regime: The Common Reporting Standard (CRS). Through the CRS, Bermuda already requires financial institutions to file aspects of their clients’ financial information by September 30th, 2017.

[OECD Release](

[Bermuda Government Release](