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Country-by-Country Reporting

Implementing the UAE Reporting Framework

Country-by-Country (CbC) Reporting is part of Action 13 of the Base Erosion and Profit Shifting (BEPS) initiative, led by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty (G20) nations. The CbCR framework requires large multinational enterprises (MNEs) to submit an annual report that provides a detailed breakdown of the group’s global activities, including:

Revenue
Profit before income tax
Income tax accrued
Indicators of economic activity (e.g., number of employees, tangible assets)

This report must be prepared on a jurisdiction-by-jurisdiction basis and is intended to help tax authorities assess whether a company’s profits are being appropriately reported and taxed in the countries where economic value is actually created.

Objectives of CbC Reporting

Enhance transparency and reduce tax avoidance by ensuring tax authorities have access to consistent and comprehensive information

Help align reported profits with actual economic substance across jurisdictions

Close information gaps between multinational groups and tax administrations

CbC Reporting in the UAE

In the UAE, CbCR requirements apply to MNE Groups headquartered in the UAE whose consolidated group revenue meets or exceeds the threshold set by the applicable CbC regulations.

Effective date: The UAE’s CbCR regulations apply to financial reporting years starting on or after 1 January 2019.
Submission deadline: For the reporting year beginning 1 January 2019, the first CbC Report was due by 31 December 2020.
The CbC Report must be submitted to the UAE Ministry of Finance in accordance with the UAE’s CbCR legislation and filing procedures.

Decision of the Council Resolution No. 44 of 2020 regulating the reports submitted by multinational companies

(117 KB, PDF)

Webinar on CbCR conducted on 2 November 2020

(728 KB, PDF)

Guidance on preparation and submission of filings

(355 KB, PDF)

CBCR Notification and Reporting Portal

For more information

Frequently Asked Questions

The content provided on this webpage does not constitute legal or tax advice in respect of the matters set out herein. For advice on tax and legal matters, please consult a professional tax or legal advisor.

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