Saudi Arabia's General Authority of Zakat and Tax (GAZT) has recently informed taxpayers registered on the GAZT AEOI Portal that the portal is being updated to support XML schema V2.0 for Country-by-Country (CbC) reporting. V2.0 must be used going forward, including for CbC reports for the 2019 reporting fiscal year that have not yet been submitted. Saudi Arabia's CbC reporting requirements apply for MNE groups meeting a SAR 3.2 billion consolidated group revenue threshold in the previous ye…