UAE unveils 9% corporate tax
The UAE Ministry of Finance will introduce a federal corporate tax on business profits, effective from 1 June 2023. Businesses…
Tax
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UAE to impose 9% corporate tax on businesses from June 2023
The UAE is to impose a nine percent corporate tax on businesses, effective next year, according to a statement published…
Why employees will continue to pay no income tax in the UAE
The UAE has long been a favourite destination for foreign workers, attracted by the country’s tax-free salaries and lower cost…
UAE tax authority extends penalty revision scheme until December 2022
The grace period for UAE’s tax registrants to get their penalties for violating tax laws re-determined has been extended until…
Saudi residential real estate prices up 1.7% in Q4
The real estate price index (RPI) for Saudi Arabia increased by 0.9% in the fourth quarter of 2021 compared to…
KPMG records strong growth in FY21 in the Middle East & South Asia region
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September…
PwC to establish headquarters in Riyadh to serve Vision 2030 agenda
Saudi capital Riyadh will play host to PwC’s new regional headquarters, with the professional services firm to also establish an…
RSM expands global network to Turkey through Arkan & Ergin
Mid-tier accounting and consulting network RSM has signed up a new member firm in Turkey; Arkan & Ergin, which has…
Qatar Chamber urges inactive companies to strike off their commercial registrations
Qatar Chamber has called on all Qatari companies to abide by the General Tax Authority’s circular, which calls for tax…
KPMG Records Strong Growth in FY21 in the Middle East & South Asia Region
KPMG International has announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30…
A year the tide turned in the fight for tax justice
As 2021 draws to a close, we wanted to take a moment to reflect upon the tax justice highlights of…
Saudi 2022 inflation seen within a range of 1% to 2%, given no change in VAT
The annual rate of consumer inflation in Saudi Arabia has averaged 3.3 percent in the year through November 2021, according…