Saudi Arabia triples taxes, cuts $26B in costs amid pandemic
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major…
Tax
1274 articles found
Saudi Arabia: Is the VAT Increase a game changer?
Economic and fiscal reforms in Saudi Arabia through to the end of 2019 haveled to an impressive fall of the…
Forum discusses tax cooperation among BRI’s member countries
The UAE was one of the fastest nations in setting and implementing precautionary measures to curb the spread of the…
OECD recognises UAE's efforts in fighting coronavirus
The Organisation for Economic Cooperation and Development, OECD, has recognised the determined efforts of the United Arab Emirates in fighting…
Qatar achieves self-sufficiency in essential products; supply chain well diversified: KPMG
Qatar has achieved self-sufficiency in most of the essential products of daily use including milk and several other perishables, KPMG…
The COVID-19 Pandemic Is Having an Unprecedented Impact on Financial Markets Globally and Regionally
Around 200+ senior banking sector officials in the region attended KPMG’s webinar “Covid-19: Implications for the GCC banking sector” to…
Saudi Arabia: VAT rate to increase to 15% as of 1 July 2020
On 11 May 2020, Saudi Arabia’s Minister of Finance announced that the value-added tax rate will increase to 15% from…
COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction
Business leaders of some of the biggest Dubai-based companies have requested customs duties should be cut by 50 per cent…
Saudi move could be followed by more tax hikes across Arab world
More Arab economies may need to follow Saudi Arabia in hiking taxes to replenish reserves that have been savaged by…
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab…
UAE not to hike VAT rates and follow Saudi move
The UAE has no plans to increase its VAT (value-added tax) rate, according to Younis Haji Al Khouri, under-secretary in…
More Arab Countries Could Start Hiking Taxes to Boost Economies
More Arab economies may need to follow Saudi Arabia in hiking taxes to replenish reserves that have been savaged by…