Antigua and Barbuda Justice Ministry Posts Base Erosion and Profit Shifting Bill 2025

The Antiguan Ministry of Legal Affairs, Public Safety and Labour Feb. 26 posted the Base Erosion and Profit Shifting Bill 2025, to implement base erosion and profit shifting (BEPS) initiatives under the OECD/G20 inclusive framework, focusing on country-by-country (CbC) reporting and transfer pricing. The bill mandates multinational enterprises (MNEs) with annual revenues above 750 million euros (US$786.6 million) to file a CbC report with the Inland Revenue Department. The bill also includes measures to: 1) outline the filing obligations, confidentiality, and penalties for non-compliance with CbC reporting; 2) introduce rules ensuring transactions between connected entities are at arm’s length, preventing ...