Executive summary

The Kingdom of Bahrain (Bahrain) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements.

The new requirements apply to all businesses that have a legal entity or branch in Bahrain and are members of a multinational enterprise (MNE) group with annual turnover of BHD342m (approximately US$907m).

The CbCR rules are effective for fiscal years beginning on or after 1&nbsp…