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 …
Tax
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Oman to cut income tax on SMEs, offer investors long-term residency
Oman will reduce income tax for small and medium businesses for 2020 and 2021 and will offer long-term residency permits…
KPMG strengthens senior leadership team in the region with four new partner appointments
KPMG Lower Gulf has announced four high-profile appointments, strengthening its senior leadership team in the Middle East. Nader Haffar, Chairman…
Secret guilty plea revealed in US Panama Papers criminal probe
A third person has pleaded guilty to financial crimes as part of a probe sparked by the Panama Papers investigation,…
United Arab Emirates attracts corporate billions to climb tax haven ranking
The United Arab Emirates, a magnet for the globe’s ultra-rich, has also emerged as one of the fastest-growing corporate tax…
The General Tax Authority and the Qatar Financial Information Unit sign the Memorandum of Understanding
The General Tax Authority and the Qatar Financial Information Unit signed a Memorandum of Understanding on information sharing to combat…
Deloitte adds to senior leadership team in the Middle East
Deloitte has bolstered its Middle East leadership team with two partnership promotions and one major appointment in Saudi Arabia over…
KPMG: 98% of Saudi CEOs set to invest in cloud technology in 2021
Senior company executives in Saudi Arabia are embracing the digital revolution, with 98 percent planning to raise their investments in…
Deloitte report reveals how organizations can better prepare for future disruption; Climate change top concern among business leaders
Deloitte’s 2021 Resilience Report explores how organizations have coped with the tumultuous events of 2020 and identifies the traits that…
Israel: Characterization of recharges for provision of stock-based compensation clarified
On 27 January 2021, the Israeli Tax Authority (ITA) published Circular 1/2021 that addresses the classification of a payment by…
Roland Berger promotes 35 consultants in the Middle East
Global strategy consulting firm Roland Berger has announced a record number of promotions in the Middle East. With 2,400…
COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds
- 53% of tax leaders expect heightened tax enforcement in the next three years - Transfer pricing, COVID-19 and digitization…