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…
Tax
1278 articles found
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…
Saudi Arabia imposes new tax on property deals, exempts them from VAT
Saudi Arabia’s king on Friday issued an order exempting real estate deals from a 15% value-added tax (VAT) and imposed…
Multilateral Convention to tackle tax evasion and avoidance continues expand reach in developing countries
At the OECD Headquarters in Paris, four countries have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters…
Saudi Arabia campaign uncovers 770 VAT violations
Saudi authorities have recorded 770 VAT violations during a large-scale campaign on retail stores across the Kingdom, local media reported.…
United Arab Emirates: Economic substance regulations amended and replaced
On 10 August 2020, the United Arab Emirates (UAE) amended and replaced the economic substance (ES) regulations (originally issued pursuant…
More Qatar companies now going for digital transformation: KPMG
Qatar's oil and gas market have gone through some big changes in recent times. Given the current COVID-19 situation and…
Deloitte 2020 Powers of Construction report: From C-19 “Respond” to “Recover”
The COVID-19 (C-19) pandemic and collapsing oil prices have had an unprecedented and compounding effect on the GCC Construction industry…
30 arrested in massive tax graft said to involve hundreds of millions of shekels
Thirty people were arrested Monday as police revealed they had cracked an allegedly massive graft plot involving hundreds of millions…