Executive summary
The Kingdom of Bahrain (Bahrain) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements.
The new requirements apply to all businesses that have a legal entity or branch in Bahrain and are members of a multinational enterprise (MNE) group with annual turnover of BHD342m (approximately US$907m).
The CbCR rules are effective for fiscal years beginning on or after 1 January 2021. Affected entities will need to submit a CbCR notification before the last day of the …