In accordance with a Council of Ministers Decision of 19 May 2021, Jordan published Regulation No. 40 of 2021 in the Official Gazette on 7 June 2021 that provides for the introduction of new transfer pricing rules, including the three-tier documentation requirements developed as part of BEPS Action 13. As a BEPS Inclusive Framework member, Jordan had committed to the introduction of new requirements, including Country-by-Country (CbC) reporting requirements. Under the new regulation, taxpayers are required to prepare a Master file and Local file and submit the documentation within 30 days of a request by the tax authority. A transfer...