Anguilla

Overview of CbC reporting requirements

Anguilla has implemented the BEPS Action 13 (CbC reporting) minimum standard with one recommendation for improvement.

First reporting fiscal year: Commencing on or after 1 January 2019

Consolidated group revenue threshold: USD 850 million

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: No

Surrogate parent entity filing permitted: Yes

First review of the domestic legal framework: 2018/2019

Summary of recommendations

Area of implementation

Recommendations for improvement

Domestic legal and administrative framework

None.

Exchange of information framework

It is recommended that Anguilla ensure that systems in place are working to ensure all expected reports are received and all exchanges are completed and recorded in a timely manner.

Appropriate use

None.

The domestic legal and administrative framework

Anguilla confirms that its rules have not changed and continue to be applied effectively. Anguilla continues to meet all terms of reference.

The exchange of information framework

Anguilla has not provided information to confirm that all expected reports have been received and all exchanges due have been made in a timely manner in the period covered by this peer review report. It is recommended that Anguilla ensure that systems in place are working to ensure all expected reports are received and all exchanges are completed and recorded in a timely manner.

Appropriate use of CbC reports

Anguilla is a non-reciprocal jurisdiction and, as such, will not receive CbC reports submitted to tax authorities in other jurisdictions, and will not apply local filing. It is therefore not necessary for this peer review evaluation to reach any conclusions with respect to Anguilla’s compliance with the terms of reference on appropriate use.

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