Tax Archives - Page 33 of 107 - Managers of Wealth Middle East

United Arab Emirates: Economic substance notification and report templates issued

November 9, 2020

On 22 October 2020, the United Arab Emirates (UAE) Ministry of Finance (MOF) released the much-anticipated economic substance (ES) report…

Regulation, Risk & Compliance

United Arab Emirates: Court allows late payment penalties on voluntary disclosures

November 9, 2020

In October 2020, the United Arab Emirates (UAE) Federal Supreme Court released a long-awaited decision on whether late payment of…

Hedge Funds & Alternative Investments

Kuwait has no choice but to borrow to tackle deficit – audit body

November 6, 2020

Kuwait's State Audit Bureau said the government has no choice but to borrow to plug a growing deficit, but that…

Hedge Funds & Alternative Investments

Lebanon gets more time to meet audit demand by creditors

November 6, 2020

Lebanon has three more months to provide data for a forensic audit of the central bank after failing to meet…

Executive Moves

KPMG adds five new partners to its Dubai team

November 6, 2020

Global accounting and consulting firm KPMG have admitted five new partners into the partnership of its Dubai office. Fahad…

Hedge Funds & Alternative Investments

Saudi VAT increase: What are the long-term implications?

November 6, 2020

In a sudden decision, Saudi Arabia announced that from July 1, it would be hiking its value added tax (VAT)…

Hedge Funds & Alternative Investments

UAE's FTA to issue Tax Residency, Commercial Activities Certificates for investors via its e-Services portal

November 5, 2020

The Federal Tax Authority, FTA, in coordination with the Ministry of Finance, MoF, has completed its preparations to issue both…

Hedge Funds & Alternative Investments

Government should be the one to submit its accounts to audit: Lebanon central bank

November 5, 2020

Lebanon's central bank said on Wednesday the government should be the one to submit its full accounts to a forensic…

Executive Moves

EY grows MENA partnership through 38 new executive appointments to Partner and Associate Partner

November 5, 2020

EY has announced the admission of 22 new partners to its leadership team across the Middle East and North Africa…

Extremely Wealthy

Oman to introduce income-tax on wealthy individuals

November 3, 2020

None of the seven Gulf Cooperation Council states, all oil producers, currently collect income tax from individuals. Oman's Sultan Haitham,…

Environment and Sustainable Investments

Gulf state eyes income tax in shock move

November 3, 2020

The Sultanate of Oman is considering introducing an income tax on high earners, according to the finance ministry’s 2020-2024 economic…

Regulation, Risk & Compliance

Oman: Amendments to income tax law announced

October 30, 2020

On 20 September 2020, the Oman government issued Royal Decree 118/2020 amending certain provisions of the income tax law. The…

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