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Country by Country Reporting (CbCR)

How and why CbCR was adopted in UAE?


CbCR is a part of Action 13 of the Base Erosion and Profit Shifting (BEPS) project that is led by the G20 and the Organisation for Economic Co-operation and Development (OECD).

The BEPS initiative is aimed at preventing tax planning that exploits gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity. In other words, the focus of BEPS regulations is to ensure alignment of profit allocation (remuneration) with value creation (functions performed, risks assumed and assets owned) for each entity across the value chain.


Actions taken by the UAE regarding CbCR

Applicability of CbCR:

Compliance Requirements:

Penalties for Non- compliance:

Potential impact of introducing CbCR regulations in the UAE

Key challenges

How Spectrum can help you?

Spectrum offers end-to-end accounting and audit services, simplifying its client’s life by adopting the best practices to provide its clients with complete solutions. We help you with the assessment of applicability of Country by Country Reporting (CbCR), help you withthe notification compliances and in aggregating the data required under the CbC reporting. To sum up in one word, Spectrum offers the best CbCR advisory service for your company.

Apart from advising on the very important Country by Country Reporting (CbCR) standards, we also specialize in a spectrum of services which includes Accounting, Auditing, Economic Substance Regulations (ESR), Mergers and Acquisitions (M&A), Company Formation and Liquidation and various Business Advisory Services. Our magnitude of experience, competence and reputation makes us a distinctive world-class accounting service provider.


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