CbCR notification by local entity
Our parent files CbCR in Germany. Do we notify ZATCA?
The situation
A constituent entity in Saudi Arabia must file a notification identifying the ultimate parent and the reporting entity, within 120 days of the end of the reporting year.
The law
- Transfer Pricing Bylaws, Country-by-Country Reporting: Groups with consolidated revenue above SAR 3.2 billion; report within 12 months of year end; notification within 120 days
What it means for you
Even when the parent files abroad, the Saudi entity notifies ZATCA. Get the parent's details and filing jurisdiction. Missing it can attract general penalties.
What to do
- Get parent filing details.
- File notification.
- Keep confirmation.
We can do this for youTransfer pricing compliance: disclosure form, auditor affidavit, Master File, Local File and CbCR check: SAR 6,000