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…
Tax
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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…
Switzerland and the UAE removed from EU tax haven lists
In December 2017, finance ministers in the EU set up lists of tax havens that didn’t comply with its standards.…
Andersen Global Continues to Expand Throughout Middle East
Andersen Global continues to strengthen its presence in the Middle East with the announcement that Jordan-based Zalloum & Laswi has…
Corporate tax rate cut will boost investment
To prevent the economy from further decline, a stimulus in the form of a corporate tax cut for domestic companies…
Dubai Regulators Flagged Standard Chartered
A regulatory review from Dubai found that Standard Chartered’s private banking arm was overseeing accounts that significantly lacked «know-your-client» data…
Grant Thornton celebrates launch of a new member firm in Lebanon
Lebanon is home to the new Grant Thornton regional hub providing a commitment to build trustworthy relationships and support growth…
Kuwait’s Largest Law Firm Signs Collaboration Agreement with Andersen Global
Andersen Global has announced that it has signed a collaboration agreement with Kuwait’s largest law firm, Al Khebra. The addition…
Federal Tax Authority Reaffirms: ‘Refunding Tax for Eligible Applicants a Direct Transaction Between Registrants and the FTA’
The Federal Tax Authority reaffirmed that refunding taxes for legally eligible applicants is a direct transaction between the registered business…
Saudi Arabia should consider raising VAT to 10%: IMF
Saudi Arabia should consider raising a value added tax (VAT) to 10% from the current 5%, the International Monetary Fund…