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Sharjah24
Finance Ministry clarifies second pillar declaration holders
The UAE Ministry of Finance issued Ministerial Resolution No. (133) of 2026, which designates the entities required to submit the second pillar disclosure related to transfer taxes for multinational corporations. This aims to enhance international tax transparency and provide greater clarity regarding their obligations. The resolution applies to fiscal years beginning on or after January 1, 2025, and includes all entities operating within the country, excluding investment entities and hybrid structures. This step is part of fulfilling the requirements of the second pillar under the comprehensive OECD and G20 base erosion and profit shifting (BEPS) framework, with the goal of supporting the implementation of global tax rules for multinational enterprises.
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