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UAE Finance Min publishes second pillar declaration rules
The UAE Ministry of Finance has issued a decision outlining the requirements for submitting the Second Pillar information declaration, aimed at enhancing international tax transparency and standardizing the obligations of multinational entities within the UAE. The regulation will be implemented starting in 2025. It mandates entities within the country—including companies, joint ventures, and hybrid entities—to submit these declarations, supporting efforts to combat base erosion and profit shifting (BEPS). This initiative is part of the compliance with the Second Pillar framework aligned with the standards set by the Organisation for Economic Co-operation and Development (OECD) and the G20.
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