Type: Legislation
On December 2, 2019, the General Authority of Zakat and Tax (GAZT) launched the website for county-by-country (CbC) reporting. In accordance with the provisions of article 18 of the transfer pricing bylaws (the Bylaws), and subject to certain conditions, every ultimate parent entity or, when applicable, surrogate parent entity of a multinational enterprise group as defined by the Bylaws must file a CbC report with the GAZT. Taxpayers subject to these obligations are required to log on to the website, create an account and follow the instructions for submitting the required information and report.
Effective date: December 2019
