UAE: Further guidance on economic substance rules released
On 5 January 2020, the Ministry of Finance of the United Arab Emirates (UAE) issued frequently asked questions (FAQs) on…
Tax
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DIFC firms face March 2020 economic substance rules deadline
Businesses operating within the Dubai International Finance Centre (DIFC) have been given until the end of March 2020 to file…
New regulations amend income tax law and introduce transfer pricing requirements
Executive regulations published in Qatar’s official gazette on 11 December 2019 clarify and in certain cases substantially amend provisions of…
'Bahrain businesses need to gear up for NBR inquiries'
Businesses in Bahrain need to gear up for inquiries by the National Bureau for Revenue as well as onsite visits…
38 Tax Disputes Filed in Dubai in 2019: Lessons Learned
The tax dispute resolution committees began operation in 2019. There are three tax dispute resolution committees in the United Arab…
KPMG records double digit growth in MESA
The aggregated revenue of KPMG member firms in the Middle East & South Asia (MESA) region grew by 11.6% in…
Middle East legislative insight: Qatar excise tax law
Businesses that import, produce or store excise goods such as tobacco, alcohol and energy drinks in Qatar must now account…
Control, Simplicity And Collaboration – Offshore Talking Points From The United Arab Emirates
After spending six days with colleagues from our Jersey, Guernsey and Dubai offices meeting with clients and intermediaries in the…
Saudi Arabia's 2020 budget progressive: KPMG
Saudi Arabia's recently announced general budget 2020 is progressive and focuses on balancing fiscal stability and economic growth despite oil…
Year-end GCC Tax Report 2019
This year-end tax report for the Gulf Cooperation Council provides an overview of the most significant tax developments in the…
Avoidance of double-taxation treaty with UAE in jeopardy
Pakistan on Monday threatened to terminate avoidance of double-taxation treaty with the UAE due to its continued non-cooperation in regard…
How Israel investors can benefit from low taxation
Israel is one of the richest economies in the world and many investors from this country are present in states…