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…
Tax
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Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
More than 110 countries and jurisdictions have agreed to review two key concepts of the international tax system, responding to…
The tax-hike freeze sends out a clear message
Many enquiries were raised by citizens and residents alike questioning the possibility of increasing the value-added tax rate from 5…
Saudi crown prince seeks solution to $2.6bn Islamic tax row
Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax…
The EU removes another three countries from the blacklist of tax havens
The EU finance ministers plan to pull out Bahrain, the Marshall Islands and the Caribbean island country St Lucia from…
Israel is ‘one of the world’s most generous tax havens,’ complains tax chief
Israel Tax Authority Director General Moshe Asher said that Israel in the last decade has become one of the world’s…
MEPs continue crackdown on tax avoidance
MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist…
FTA sets Wednesday as deadline for tax returns
The Federal Tax Authority has called on all businesses registered for the Value Added Tax , whose first tax periods…
Saudi shares end lower on additional tax proposal
Saudi Arabian shares fell on Sunday as weakness in banks more than offset a rise in petrochemicals after Brent crude…
Saudi January inflation jumps to 3.0 percent on VAT, gasoline price hike
The figures suggested the new tax and more expensive fuel, part of a government drive to cut a big budget…
Jump in Islamic tax liabilities worries Saudi banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings…
Andersen Tax & Legal Launches in Egypt
The Andersen name launches in Egypt this week as Maher Milad Iskander and Co., an Egyptian tax and legal firm…