A&M, KPMG and Oliver Wyman start work at Banque du Liban
Two months after announcing the deal, consultants and auditors from Alvarez & Marsal, KPMG and Oliver Wyman have finally hit…
Tax
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UAE, Israel working on double tax treaty to encourage investment
The United Arab Emirates and Israel have reached a preliminary agreement on avoiding double taxation, as part of moves to…
Oman: CbC reporting requirements introduced for multinational enterprises
On 27 September 2020, the Oman tax authorities issued Ministerial Decision No. 79/2020, providing country-by-country (CbC) reporting requirements for multinational…
Saudi Shoura Council wants steps to reduce tax evasion
The Saudi Shoura Council on Wednesday urged the General Authority for Zakat and Tax to increase efforts to collect value-added…
Allinial, Integra, Nexia and Russell Bedford expand in MENA
Global professional services groups Allinial Global, Integra International, Nexia and Russell Bedford have expanded their coverage in the Middle East…
Managing the Crisis: Financial restructuring from a tax perspective
As the COVID-19 pandemic continues to bring unprecedented challenges through its economic and financial impacts, the IMF revealed its updated…
VAT will shore up Oman’s economy
Economic analysts in Oman have welcomed the decision to impose Value Added Tax (VAT) in the Sultanate, as it will…
OECD drafts principles for $100bn global corporate tax revolution
The world’s rich nations have drafted a set of technical principles which would revolutionise the corporate taxation of multinational companies…
Oman plans to introduce 5% VAT from April 2021
Cash-strapped Oman is planning to introduce a 5 per cent value-added tax in April, following the lead of Gulf neighbors.…
Switzerland shared bank account data with 66 countries in 2020
The Alpine nation shared financial account details with 66 partner countries this year as part of a global automatic exchange…
PwC acquires SAP enterprise consulting business of Tyconz
PwC has acquired the Enterprise Business of Tyconz, one of the Middle East’s leading SAP implementation and technology partners. The…
Covid hit to drag GCC countries' tax revenues 20% lower
GCC countries could lose up to 20 per cent of tax revenues this year due to the impact of coronavirus…