The UAE Cabinet decision no. (40M/4W) of 2020 has replaced the previous decision on Country by Country (CbC) reporting no. 32 of 2019. The CbC reporting is a part of Action 13 of OECD’s initiative- Base Erosion and Profit Shifting(BEPS). It requires a breakdown of MNE’s global revenue, profit before tax, income tax accrued and some other economic activity indicators.
The Notification requirement remains the same with the amended decision.
Source: https://www.mof.gov.ae/en/StrategicPartnerships/Pages/Country-by-Country-Reporting.aspx
You can access Law including Guidelines, Cabinet & FTA Decisions, Public Clarifications, Forms, Business Bulletins for all taxes (Vat, Excise, Customs, Corporate Tax, Transfer Pricing) for all GCC Countries in the Law Section of GCC FinTax.
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