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…
Tax
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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…
Transfer pricing to take centre stage in Middle East taxation
As the global transfer pricing landscape becomes more sure-footed, businesses headquartered in the Middle East are still grappling with new…
Growing optimism, trust at all-time high in Saudi banks
Growing optimism and an all-time high level of trust emerged the hallmarks in the second quarter of the Saudi banking…
KPMG in Bahrain expands its tax and corporate services
KPMG in Bahrain has announced the appointment of an additional Tax Partner and new experienced resources to broaden the capabilities…
KPMG Bahrain hires 9-strong team of tax advisors from Keypoint
KPMG has have a team of tax advisors from Keypoint, strengthening its Tax and Corporate Services in Bahrain. Led…
KPMG moves to “world-class” office in Dubai’s Central Business District
KPMG on Wednesday said it was moving more than 950 staff members from its offices in Dubai and Sharjah to…