Executive summary

On 27 September 2020, Oman introduced, Country-by-Country (CbC) Reporting (CbCR) requirements through Tax Authority Decision No. 79/2020 (TA Decision 79/2020).

The new requirements apply to all businesses that have a legal entity or branch in Oman and are members of a multinational enterprise (MNE) group with annual turnover above OMR300 million (approximately US$780…