Bahrain puts off new taxes, weighs longer relief
Bahrain could extend the duration of support measures to help businesses cope with the impact of the coronavirus after deploying…
Tax
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KPMG: Saudi banks on the journey of customer endurance based on strong capital and liquidity base
KPMG, has published the latest edition of its “Banking Pulse,” a quarterly report series, highlighting the latest developments in the…
PwC helps Saudi government with water privatisation initiative
PwC has helped the Saudi government create a privatised and digitalised water transmission entity – WTTCO – in a move…
Employment regulations in the Abu Dhabi Global Market
Major changes were made to the employment law in the Abu Dhabi Global Market (ADGM) that took effect on 1…
Egypt’s central bank issues LE 21B on T-bills Thursday
The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 182-day…
Saudi Arabia to review VAT hike once economic crisis ends
Saudi Arabia will review its controversial decision to triple the value-added tax once the current economic crisis is over, its…
ACCA and Al Tamimi & Co. sign a formal partnership agreement
ACCA (the Association of Chartered Certified Accountants) and Al Tamimi & Co have signed a formal partnership agreement which signals…
KPMG: Saudi Arabia ‘the next frontier’ for F&B operators
An upcoming “generational shift” means that Saudi Arabia “is still the next frontier in the region for F&B operators”, according…
Tougher penalties for UAE businesses who disclose VAT errors
Businesses in the United Arab Emirates (UAE) face tougher penalties than previously expected when they make a VAT Voluntary Disclosure…
UAE’s VAT revenue tops $3bln during Jan-August
The UAE’s Ministry of Finance said that from the beginning of January until the end of August 2020,the total value-added…
UAE says has no plan for now to increase VAT
The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry…
Will the UAE introduce income tax for ‘high earners’?
The Middle East was taken by surprise when it was reported last week that Oman is considering an income tax…