No VAT on financial services, says Bahrain cbank
The Central Bank of Bahrain (CBB) has confirmed that Article 54 of the Value Added Tax Law (VAT Law) provides…
Tax
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12 Saudi banks to pay 17.9bn riyals to settle Zakat payments
Twelve listed Saudi banks reached a 17.86 billion riyal (Dh17.5bn) settlement with the kingdom’s tax authority over the payment of…
Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority…
Qatar will not introduce VAT in 2019
The MoF said, in relation to VAT and the Qatar economy that "its effects are being assessed". It had previously…
DFSA Enhances its Funds Regime
Changes to the DFSA Collective Investment Funds regime, on which the Dubai Financial Services Authority consulted in October last year,…
KPMG Bahrain managing partner Jamal Fakhro honoured by industry peers
Long-time KPMG Bahrain managing partner Jamal Fakhro has been honoured by a panel of senior industry leaders with an ICAEW…
Saudi banks close to deal with authorities on Islamic tax: sources
Saudi Arabian banks are expected to reach a deal with Islamic tax authorities before the end of the year to…
Exempted companies to operate locally
Government has released a bill to amend the Local Companies (Control) Law that would allow exempted companies to carry out…
Israel Admitted to Global Anti-Money Laundering Organization
Israel is now a full member of the Financial Action Task Force because of its help in tracking down money…
ICAEW recognises Middle East's best finance professionals
The region's best and brightest in accountancy and finance were celebrated yesterday evening (Wednesday, 5th December) at the ICAEW Middle…
Case against Deloitte unit moves closer to trial
The case against Deloitte & Touche Middle East for its alleged role in the collapse of a Lebanese bank with…
Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion
The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Punta del Este,…