Bahrain's Ministry of Industry, Commerce, and Tourism has issued Resolution No. 28 of 3 February 2021, which provides for the introduction of Country-by-Country (CbC) reporting requirements, which entered into force on 5 February 2021. The resolution is relatively brief and includes the following key points: The requirements apply for reporting fiscal years beginning on or after 1 January 2021 for MNE group's meeting a BHD 342 million consolidated group revenue threshold in the previous year; The requirements to submit a CbC report applies for ultimate parent entities in Bahrain, with reports due within 12 months following the end of the...