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…
Tax
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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…
Lebanon Pledges Bank Tax as Part of Sweeping Drive to End Unrest
Lebanese officials promised to tax banks and slash their own pay as they unveiled an unprecedented package of measures to…
Lebanon to tax banks in bid to end unrest
Lebanese officials promised to tax banks and slash the salaries of ministers by 50% as part of an unprecedented package…
Deloitte hires 1,200 new staff in Mideast in FY2019
Professional services firm Deloitte said it recorded growth occurred across all regions during the fiscal year ending May 31, 2019…
UAE central bank sets early exit fee limit for mortgages
The Central Bank of the UAE directed local banks to reduce the early settlement fee on mortgages to a maximum…