UAE's VAT collections exceeds expectations by a wide margin in 2018
UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion,…
Tax
1274 articles found
Kuwait – IMF and World Bank wolves in sheep's clothing over taxes
For years the International Monetary Fund (IMF) has been pressing Gulf States to apply Value Added Tax (VAT) on consumer…
Israel Tax Authority handed details on Cayman Islands accounts
Tax Authority chief Eran Yaacov says he has information on thousands of accounts, some of them with unreported capital. …
Lebanon lifts banking secrecy in 30 cases
Lebanon’s anti-money laundering watchdog lifted banking secrecy in 30 cases last year out of 489 cases it investigated. The…
Andersen Global Expands in the Middle East
Al Alawi has finalized a collaboration agreement with Andersen Global. The addition of Al Alawi and Co. brings 37 years…
Sovos acquires Foriba
Global tax software provider Sovos is to acquire Istanbul-based Foriba, a specialist in e-invoicing, e-delivery notes, e-receipts and periodic value-added…
Andersen Global Signs First Agreement in Bahrain
Andersen Global has announced its first collaboration agreement in Bahrain with independent consulting firm Awael Al Bahrain Management Consultancy (Awael).…
Deloitte: Construction Hitches in the GCC Lead to Calls for Positive Change
Construction plays an important role in GCC countries’ long-term economic development plans and national visions, driving the involvement of the…
Turkey raises forex sales tax in another support for lira
Turkey has raised a tax on some foreign exchange sales to 0.1 from zero, the country’s latest effort to discourage…
CBK sends cautionary note to some auditors
The Central Bank of Kuwait has sent a cautionary note to some auditors, stressing that they should adhere to the…
Kuwait, Iraq Sign Deal to Avoid Double Taxation
The Kuwaiti and Iraqi ministries of finance signed an agreement for avoiding double taxation and preventing financial evasion for income…
Kuwait axes expat 5% tax remittance bill
Kuwait is set to scrap a draft law to impose 5% tax on expats for remittances sent to their home…