The UAE is the third GCC country to implement CbCR following the introduction of transfer pricing by-laws in Saudi Arabia and CbCR implementation in Qatar. The CbCR compliance requirements apply to those entities that meet the following criteria:

• • are “tax residents” in the UAE

• • are part of a multinational enterprise (MNE)

• • have consolidated revenues equal to or exceeding AED 3.15 billion (approximately EUR 760 million or USD 855 million) in the preceding financial year.

Our specialists can help you gauge your organizational readiness to collect and aggregate the data needed under the CbC Reporting requirements and assess the appropriateness of existing transfer pricing arrangements.`