This Law applies to Constituent Entities that are members of a Multinational Enterprise Group whose revenue, expressed in Omani rials, equals or exceeds the equivalent of EUR 750,000,000 (seven hundred and fifty million euros) according to the consolidated financial statements of the Ultimate Parent Entity in at least two of the four Financial Years immediately preceding the Financial Year under assessment. Where the assessment establishes that one or more of the MNE Group's Financial Years taken into account for the purposes of the first paragraph of this Article is longer or shorter than 12 (twelve) months, the revenue threshold must be adjusted proportionately for each such Financial Year.
Interpretation and application must be checked against the official Arabic text and the current version.