Saudi VAT increase: What are the long-term implications?
In a sudden decision, Saudi Arabia announced that from July 1, it would be hiking its value added tax (VAT)…
Tax
1273 articles found
UAE's FTA to issue Tax Residency, Commercial Activities Certificates for investors via its e-Services portal
The Federal Tax Authority, FTA, in coordination with the Ministry of Finance, MoF, has completed its preparations to issue both…
Government should be the one to submit its accounts to audit: Lebanon central bank
Lebanon's central bank said on Wednesday the government should be the one to submit its full accounts to a forensic…
EY grows MENA partnership through 38 new executive appointments to Partner and Associate Partner
EY has announced the admission of 22 new partners to its leadership team across the Middle East and North Africa…
Oman to introduce income-tax on wealthy individuals
None of the seven Gulf Cooperation Council states, all oil producers, currently collect income tax from individuals. Oman's Sultan Haitham,…
Gulf state eyes income tax in shock move
The Sultanate of Oman is considering introducing an income tax on high earners, according to the finance ministry’s 2020-2024 economic…
Oman: Amendments to income tax law announced
On 20 September 2020, the Oman government issued Royal Decree 118/2020 amending certain provisions of the income tax law. The…
Egypt: Unified tax procedures law introduced
The Egyptian government issued new legislation on 19 October 2020 introducing new unified tax procedures that apply as from 20…
Firm hired to audit Lebanon central bank has not received all requested info – sources
Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit…
Arab Bank posts $215.2 million net profit in 9 months
Arab Bank Group reported net income after tax of $215.2 million for the nine months of 2020, compared to $668.9…
Getting tax submissions wrong now come with a much stiffer penalty in UAE
Each voluntary disclosure made by UAE businesses on their taxes will now cost them dearly – a federal court ruling…
Ince Group expands its consultancy practice into the Middle East
International professional services firm the Ince Group has expanded its consulting business into the Middle East. Formerly known as…