Executive summaryThe 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 January 2021. Affected entities will need to submit a CbCR notification before the last day of the fiscal year and submit the first CbC report 12 months after the last day of the fiscal year end.Detailed discussionBackgroundIn May 2018, Bahrain became a member of the...