Transfer Pricing Middle East - Alerts

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Transfer Pricing Middle East

UAE MoF issues new CbCR compliance requirements for MNE groups

The United Arab Emirates (UAE) Ministry of Finance (MoF) has issued Cabinet Resolution No. 44 of 2020 on ‘Organizing Reports Submitted by Multinational Companies’, replacing the existing resolution No. 32 of 2019 on the implementation of Country-by-Country reporting. The new resolution sets out Country-by-Country Reporting (CbCR) obligations for multinational entity groups (MNE groups) headquartered and/or operating in the UAE.

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The United Arab Emirates (UAE) Ministry of Finance (MoF) issued Cabinet Resolution No. 44 of 2020 on ‘Organizing Reports Submitted by Multinational Companies’, replacing the existing Cabinet Resolution No. 32 of 2019 on the
implementation of Country-by-Country Reporting (CbCR). 

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KSA issues guidance on the Mutual Agreement Procedure

The General Authority of Zakat and Tax (GAZT) in the Kingdom of Saudi Arabia (KSA) issued guidance on the Mutual Agreement Procedure (MAP).

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Saudi Arabia releases second edition of the Transfer Pricing guidelines

The General Authority of Zakat and Tax (GAZT) in the Kingdom of Saudi Arabia (KSA) has published the second edition of the Transfer Pricing guidelines.

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The UAE MoF organized a CbCR awareness workshop - Key considerations

The UAE MoF issued ‘Cabinet Resolution No. 32 of 2019 concerning Regulation of the Submission of Reports by Multinational Companies’.

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UAE introduces Country-by-Country Reporting rules

The UAE formalizing CbCR rules is an important development – one which sends a strong signal to the international tax community about the UAE’s commitment to adopt new legislation to combat BEPS. We have created a document with our views.

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Bahrain Exchange of Information OECD peer review

On 15 October 2018, the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes released the second round peer review reports assessing compliance with the international standards on tax transparency and exchange of information upon request for seven jurisdictions, including Bahrain.

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Qatar implements CbC legislation

On 9 September 2018, Qatar published in its official gazette Ministry of Finance Decision No. 21, which implements country-by-country (CbC) reporting legislation.

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