Country-by-Country Reporting (CbCR) Compliance Services
Country-by-Country Report (CbCR) is a standardised report which provides a global overview of a Multinational Enterprise (MNE) group’s income and taxes paid, including indicators of the location of economic activity the location of economic activity among tax jurisdictions in which the MNE Group operates.
CbCR provides tax authorities the information about how the MNE Group allocates its profits and pays taxes in different countries, supporting compliance with OECD guidelines and international tax standards.
Our Approach to CbCR Compliance
UAE CbCR requirements apply to MNE groups headquartered in UAE with consolidated group revenue of AED 3.15 billion (approximately EUR 750 million) or more during the fiscal year immediately preceding the reporting fiscal year. Proper preparation is crucial to avoid penalties and reputational damage.
At Young Global, we turn regulatory complexity into clarity with expert CbCR reporting solutions — empowering your global business to stay compliant and informed.
Our Scope of Support Includes:
- Consolidating financial and operational data from all relevant jurisdictions within the MNE Group in a structured and consistent manner.
- Reviewing key data points relevant for the reporting purposes such as revenue, taxes paid, capital, number of employees, and tangible assets, to ensure accuracy and completeness
- Identifying and addressing any inconsistencies or gaps and finalising the data for submission
- Ensuring that the report meets local CbCR requirements as well as OECD Transfer Pricing Guidelines.
- Preparing and filing the CbCR notification in the prescribed format
- Compiling the Country-by-Country Report in the prescribed format
- Coordinating with internal teams and assist in timely submission of CbCR with the relevant tax authorities.
Why Choose Young Global?
Our experts possess extensive knowledge of OECD Transfer Pricing Guidelines and local Country-by-Country Reporting requirements, combined with years of practical experience advising multinational enterprises across various sectors.
By partnering with Young Global, your organization will achieve greater confidence and control in fulfilling its CbCR obligations. Our services reduce compliance risks, enhance transparency, and support the maintenance of a strong reputation with tax authorities and key stakeholders.
FAQs to Guide Your Business Decisions
Concise insights on our core services
CbCR is a standardized report that provides tax authorities with a high-level overview of the allocation of income, taxes paid, and certain indicators of economic activity among the jurisdictions where a MNE operates.
The purpose of CbCR is to provide transparency for tax authorities by providing details regarding the global allocation of profits and taxes paid by MNEs. Such information helps the tax authorities to assess the underlying transfer pricing risks and ensures compliance with international tax standards.
MNE groups headquartered in the UAE with consolidated annual group revenue equal to or exceeding AED 3.15 billion (approximately EUR 750 million) during the fiscal year immediately preceding the reporting fiscal year are required to file a CbCR.
CbCR has to be submitted no later than 12 months after the end of the MNE Group’s Reporting Fiscal Year. Therefore, if the MNE Group’s Reporting Fiscal Year ends on December 31, 2024, the CbCR must be filed by December 31, 2025.
CbCR Notification is a form that provides the confirmation that the notifying entity is the Ultimate Parent Entity of the MNE Group and that it is the reporting entity which shall file the CbCR.
CbCR Notification has to be submitted no later than the last day of the MNE Group’s Reporting Fiscal Year. Therefore, if the MNE Group’s Reporting Fiscal Year ends on December 31, 2024, the CbCR notification must be filed before December 31, 2024 with respect to that Fiscal Year.
As per Resolution No. 44 of 2020, every Reporting Entity has to maintain actual records for a period of five(5) years after the date of submission of CbCR. These records may also be stored electronically, provided they are maintained in a legible format and in accordance with the applicable laws on electronic record retention.
Non-compliance with CbCR requirements may result in administrative penalties, reputational damage, and increased scrutiny from tax authorities, including potential audits.
The UAE Country-by-Country Report (CbCR), introduced under Cabinet Resolution No. 44 of 2020, follows the OECD’s standard format and is divided into three key sections. Table 1 captures quantitative data for each tax jurisdiction, including revenues from related and unrelated parties, profits, stated capital, taxes paid, and number of employees. Table 2 provides qualitative details describing the main business activities of each constituent entity within the group. Table 3 allows for additional explanations or clarifications, such as data sources or exchange rate assumptions, to help interpret the figures reported in the first two tables.
