The UAE MoF organized a CbCR awareness workshop has been saved
The UAE MoF organized a CbCR awareness workshop
On 30 April 2019, the United Arab Emirates (UAE) Ministry of Finance (MoF) issued ‘Cabinet Resolution No. 32 of 2019 concerning Regulation of the Submission of Reports by Multinational Companies’, setting out Country by Country Reporting (CbCR) compliance obligations for multinational entity groups (MNE groups) based in the UAE.
Subsequently, the UAE MoF published frequently asked questions (FAQs) relating to CbCR on its website.
On 28 October 2019, the UAE MoF organized a CbCR awareness workshop to:
- Discuss technical aspects of the CbCR regulations;
- Outline key compliance obligations for qualifying MNE groups; and
- Answer taxpayer questions.