CbC Reporting UAE

The UAE has implemented Country-by-Country Reporting (CbCR) requirements, which will be made applicable to businesses having a legal entity or branch in the country and that is part of or members of a multinational enterprise (MNE) group with consolidated annual turnover of more than AED 3.15 billion.

The UAE CBCR must be submitted within 12 months of the end of the reporting period. For the financial years commencing on 1 January 2019, the CbC reporting UAE should be submitted by 31 December 2020.

The CbC reports include:

• Financial information related to the amount of revenues
• Profits/losses before income tax
• Income tax paid
• Income tax accrued
• Stated capital
• Accumulated earnings
• Number of employees
• Tangible assets other than non-cash or cash-equivalent assets,
• Details about business activities conducted and other disclosures and explanations provided by the MNE, with respect to each jurisdiction in which the MNE operates