Use and confidentiality of CbC report information

(1) The Department shall use the CbC report for purposes of assessing high-level transfer pricing risks and other base erosion and profit shifting related risks in Belize, including assessing the risk of non-compliance by members of the MNE Group with applicable transfer pricing rules, and where appropriate for economic and statistical analysis. (2) Transfer pricing adjustments by the Department shall not be based on the CbC Report. (3) The Department shall preserve the confidentiality of the information contained in the CbC report at least to the same extent that would apply if such information were provided to it under the provisions of the Convention. Participating jurisdiction.