Compliance

Country-by-Country Reporting (CbCR) is a requirement of the Organization for Economic Co-operation and Development (OECD) through its Guidance under Action 13 of Base Erosion and Profit Shifting (BEPS) Initiative. CbCR is shared between various tax jurisdictions where the subsidiaries of a Multinational-Enterprise (MNE) Group are placed to ascertain how the multinational group functions, Global allocation of MNE’s revenue, Taxes paid each jurisdiction, capital employed and economic activity in each jurisdiction.CbCR has been implemented in UAE as a part of respective Income Laws.