G20

Policy & Legal Updates

UAE Ministry of Finance Clarifies Pillar Two Reporting Obligations for Multinational Enterprises

The UAE Ministry of Finance has released ministerial decisions specifying compliance obligations under the Domestic Minimum Top-up Tax framework for multinational groups. The rules outline procedures for submitting GloBE Information Returns, filing notifications with the Federal Tax Authority, and appointing a single Designated Local Entity. In-scope groups with consolidated revenue of at least EUR 750 million must adhere to strict filing deadlines.

Policy & Legal Updates

UAE Clarifies Pillar Two Tax Reporting Obligations for Large Multinational Enterprises

The UAE Ministry of Finance has issued ministerial decisions detailing reporting and compliance procedures under the OECD/G20 Pillar Two minimum 15 percent tax framework. The rules apply to multinational groups with consolidated revenue of at least EUR 750 million in at least two of the four preceding fiscal years. Guidelines define GloBE Information Return submissions, Federal Tax Authority notifications, and the appointment of local filing entities.