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…
Tax
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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…
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…
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…