Israel set to miss out on tax haven bonanza
Tax havens around the world are being forced to clamp down on companies registered in their territory that have no…
Tax
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Employees' rights under new DIFC employment and insolvency laws
The Dubai International Financial Centre made significant changes to its insolvency and employment laws earlier this year. The way that…
Dawn of VAT litigation in UAE: Are you prepared?
Businesses in the UAE embarked on their VAT journey on January 1, 2018. In the past two years, the Federal…
UAE has 'no income tax plans' says senior government official
The UAE has no plans to introduce income tax and will not hike VAT in the next three years, a…
GCC countries likely to introduce direct and indirect tax in the near future
Tax experts in the region have confirmed that new taxes are expected to be applied on wealth and property, as…
Kuwait current account surplus $10b – CBK issues data
The Central Bank of Kuwait said on Wednesday that the current domestic account posted a surplus at KD 3.2 billion…
Saudi to levy new airport tax from 2020 – reports
A new airport tax is set to be levied on passengers travelling on domestic routes in Saudi Arabia to improve…
UAE’s tax authority urges tax registration for new excise duties
Federal Tax Authority on Tuesday urged all manufacturers and importers of items listed in the expanded list of excise duties…
Bank account information of Iqama holders: UAE ministry approached to seek access
Federal Board of Revenue has urged the Ministry of Finance, United Arab Emirates, to convene an urgent meeting between Pakistan…
Dentons boosts Middle East practice with Counsel and litigator hires in Saudi Arabia
Dentons has expanded its practice in Saudi Arabia with the hire of experienced corporate practitioner Imtyaz Sattar who joins as…
EY: Gold, drug money and a major auditor's 'cover-up'
A major accountancy firm covered up evidence of smuggling by an organised crime gang that was laundering British drug money,…
Direct taxation of businesses in United Arab Emirates
Direct taxation of businesses i Tax on profits There is no federal income tax law in the UAE, or…