Update - The UAE Publishes English-Language Version of Resolution Implementing CbC Reporting Requirements

The United Arab Emirates Ministry of Finance has published an English-language version of Cabinet Resolution No. 32 of 2019, which provides for the implementation of Country-by-Country (CbC) reporting requirements. Key points of the Resolution are summarized as follows:

• The requirement to submit a CbC report primarily applies for ultimate parent entities of MNE groups resident in the UAE that meet an annual consolidated group revenue threshold of AED 3.15 billion in the previous year;
• A se…