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.

Related Documents

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.