Under the Country-by-country (CbC) reporting provisions now in force in the UAE jurisdictions, Multinational Groups of Entities (MNEs) should provide a breakdown of the Multinational Group’s global revenue, profit before tax, income tax accrued and some other indicators of economic activities for each jurisdiction in which the MNE operates.
The CbC legislation has increased the amount of information available to tax authorities, enabling them to perform better high-level assessments of transfer-pricing risk. At the same time, CbC reporting requirements have imposed new compliance burdens on large multinationals.
Our worldwide network of advisors combines international experience with local tax knowledge. With comprehensive understanding of the worldwide law and local law we guide you for fact based CbC reporting and make you understand reporting responsibility for your business.
Submit your enquiries to MBG Corporate Services. We will respond as soon as possible.
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