In October 2016 the Chief Minister signed a multilateral competent authority agreement on the exchange of country-by-country reports.
Following the signing, regulations providing for country-by-country reporting came into operation on 24 March 2017:
For the purposes of clarity, the definition of “excluded MNE group” contained in the regulations will apply in a manner consistent with the OECD guidance on currency fluctuations in respect of an MNE Group whose Ultimate Parent Entity is located in a jurisdiction other than the Isle of Man. For further guidance on this matter see question IV. 1. “Impact of currency fluctuations on the agreed EUR 750 million threshold (June 2016) of the “Guidance on the implementation of country-by-country reporting”.