As previously reported, Macau has introduced Country-by-Country (CbC) reporting requirements that apply from the 2019 reporting fiscal year for ultimate parent entities (UPEs) in Macau (no local filing requirements). Additional details on the requirements have become available including that the requirements apply for MNE groups meeting an annual consolidated revenue threshold of MOP 7 billion in the preceding year.
In addition, UPEs of MNE groups meeting the threshold for CbC reporting mus…