Kuwaiti Parliament considers bill to tax remittances
Kuwait's top lawmakers proposed a new legislation to impose a fee on foreign remittances, despite being warned by the government…
Tax
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UAE banks may hike fees to offset additional VAT costs
As banks in the UAE grapple with the new value-added tax regime and the high compliance costs associated with mandatory…
Taxing expat remittances is legal: Ashour
Rapporteur of the National Assembly’s financial and economic affairs committee MP Saleh Ashour said yesterday that imposing charges or taxes…
Kuwait government agrees with proposal to tax expats’ remittances
Official sources said the government agrees with a proposal to tax remittances made by expatriates and denied that the Central…
New technologies set to disrupt UAE banking sector in 2018, KPMG banking perspectives report states
Implementation of VAT could result in banks increasing their fees to compensate for increase in costs A strong and positive…
Saudi crown prince signs MoU with SoftBank to set up world's largest solar project
Saudi Arabia’s Crown Prince Mohammed bin Salman has signed a memorandum of understanding with SoftBank to establish the largest solar…
Tax ruling offers alternative tax treatment for foreign investment corporations
The Israeli tax authorities (ITA) issued a tax ruling on 7 February 2018 that introduces a new tax treatment for…
Finance panel to review proposal to tax expat remittances
The parliamentary financial and economic affairs committee is scheduled to meet today to discuss a proposal to tax expatriates’ remittances.…
VAT: What are the regulatory challenges for businesses in UAE, Saudi?
Value added tax implementation has been a considerable challenge for most businesses in the UAE and KSA, where compliance with…
UAE names Al Mulla to ICSID
The Government of the UAE has designated Dr Habib Al Mulla, Baker McKenzie Habib Al Mulla’s executive chairman in the…
Noor Bank ‘Generally Conforms’ – UAE Internal Auditors Association
Noor Bank was accredited following a rigorous assessment by the IAA’s assessment team, which evaluated the bank in several areas…
11 indicted over UBS account concealing scheme
Indictments were filed last week against 11 defendants in the UBS Swiss bank affair, the State Prosecutor’s Office Taxation and…