Oman: New Economic Stimulus Plan includes extensive tax and other incentives
As part of the Sultanate of Oman’s Vision 2040 plan and with the aim of achieving high economic growth, His…
Tax
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Tax haven ranking shows countries setting global tax rules do most to help firms bend them
A club of rich countries determining global rules on corporate tax are responsible for over two-thirds of global corporate tax…
The General Tax Authority announces extension on tax returns by two months
The extension is granted considering the nation's state of affairs related to the pandemic (Covid-19) and the General Tax Authority's…
Charles Batchelor joins KPMG's partner team in Abu Dhabi
After serving KPMG in the United Kingdom for fifteen years, Charles Batchelor has relocated to Abu Dhabi to take on…
KPMG: Despite pandemic, Saudi banks have thrived rather than survived
KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year. …
Businesses need to be VAT ready: Experts
Businesses need to be ready for Value Added Tax. The General Tax Authority has always mentioned that they would give…
Turkey to offer big tax breaks to firms, workers at Istanbul Finance Centre
Turkey’s government will provide tax incentives for banks and other financial companies to base themselves at the planned Istanbul Finance…
KPMG Report: Despite pandemic, Saudi banks have thrived
KPMG reported recently that the 11 Tadawul-listed banks stayed resilient at the end of December 31st, 2020 reflected signs of…
UAE central bank issues new rules for payments systems in country, settling dirhams overseas
The Central Bank of the UAE has issued two new regulations that apply to payment systems operating in the country…
KPMG shares best practices for navigating financial distress
In a bid to support GCC leaders in financial distress or facing its prospect, experts at KPMG recently hosted a…
Qatar, China sign protocol amending pact for avoidance of double taxation
Qatar and People’s Republic of China has signed the protocol amending the agreement for the avoidance of double taxation and…
Oman to levy 5% VAT from next month
Oman will start implementing five per cent value-added tax (VAT) from April 16, Oman News Agency reported on Sunday …