Tax

Regulation, Risk & Compliance

UAE Introduces Mandatory Country By Country Reporting Article by Grant Thornton

July 10, 2019

UAE has published Cabinet Resolution 32, the introduction of new country by country reporting obligations that multinationals will be required…

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Regulation, Risk & Compliance

UAE acts for transparency in tax, financial reporting

July 8, 2019

The UAE Cabinet recently introduced economic substance regulations effective April 30, 2019, which bring additional annual compliance requirements for UAE…

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Regulation, Risk & Compliance

UAE acts for transparency in tax, financial reporting

July 8, 2019

What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms?   The UAE Cabinet recently…

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Regulation, Risk & Compliance

Tax Regulation In The GCC

July 3, 2019

Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981.  It is the union of…

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Regulation, Risk & Compliance

Andersen Name Premieres in Kuwait

June 28, 2019

Andersen Global has announced one of the premier accounting firms in Kuwait will debut the Andersen name there, furthering the…

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Regulation, Risk & Compliance

UAE VAT collections at $7.4 billion in 2018

June 27, 2019

The United Arab Emirates (UAE, Aa2 stable) released data revealing that value-added   tax (VAT) collections were far higher than…

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Regulation, Risk & Compliance

Israel seeks Swiss help in overseas tax crackdown

June 27, 2019

Israel’s finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee…

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Regulation, Risk & Compliance

Israel seeks Swiss help in overseas tax crackdown

June 27, 2019

Israel’s finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee …

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Regulation, Risk & Compliance

Israel: First court decision issued on taxation of Bitcoin transactions by individuals

June 21, 2019

On 19 May 2019, the Israeli District Court issued the first court decision in Israel on the taxation of Bitcoin…

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Mergers & Acquisitions

More UAE banks to merge, KPMG predicts

June 19, 2019

More consolidation is likely in the financial services sector in the United Arab Emirates over the next four years, especially…

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Regulation, Risk & Compliance

Will VAT rate go up in GCC?

June 18, 2019

The GCC states will eventually increase value-added tax (VAT) rate, which is one of the lowest in the world, but…

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Legal

Tax authority looking into Israeli accounts in Cayman Islands

June 11, 2019

Thousands of bank accounts held by Israelis in the Cayman Islands are being investigated, Israel Tax Authority Director Eran Yaakov…

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