10/14/2020

VAT will shore up Oman’s economy

This tax is imposed on every stage of the manufacturing and procurement process for a company, but it is not cumulative, so the consumer will only pay the final five percent of the tax rate.

10/07/2020

The rise of foundations in the UAE

A foundation is an independent legal entity and is derived from civil law jurisdictions, as opposed to a trust which is a common law concept. It also has no members or shareholders, but is self-owned.

10/07/2020

PwC acquires SAP enterprise consulting business of Tyconz

The deal marks the firm’s first in the region since it bolted on UAE-based data analytics firm Teambase in May last year, and just its second globally during the corona-induced downturn (following a deal in Austria).