Country by Country Report (CbCR) Regulations

Country by Country Report (CbCR) Regulations

On 20 January 2021, the Maldives Inland Revenue Authority (“MIRA”) issued the Country-by-Country Reporting Regulation requiring annual country-by-country reporting (“’CbCR”) for Multinational enterprises resident in the Maldives. The regulation broadly follows the rules that are recommended by the Organisation for Economic Co-operation and Development (“OECD”) as part of…

Country by Country Report Regulations