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What is an MNE Group pursuant to the UAE Economic Substance Regulations?
What is an MNE Group pursuant to the UAE Economic Substance Regulations?
Updated over a week ago

An MNE Group is defined in the UAE Economic Substance Regulations to mean any Group that includes:

  1. two or more entities the tax residence of which is in different jurisdictions or;

  2. an entity that is resident for tax purposes in one jurisdiction and is subject to tax, with respect to the activities carries out through a branch or permanent establishment, in another jurisdiction.

Group is defined to mean two ore more entities related through ownership or control such that they are required to prepare Consolidated Financial Statements for financial reporting purposes under the accounting standards applicable to them.

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