KPMG appoints A. Alnaim as managing partner in Al-Khobar
KPMG in Saudi Arabia has announced the appointment of Abdulaziz Alnaim as Managing Partner of its Al-Khobar office, in order…
Tax
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VAT’s impact on UAE’s consumer price inflation will be limited
The impact of the introduction of value added tax in the UAE from January 1, 2018 on annual inflation in…
IFRS 9 to herald new era in reporting for GCC banks
Most banks in the GCC have just completed their half yearly financial reporting. However, for accountants and auditors alike,…
A call for UAE VAT compliance
Companies and individuals submitting late, incomplete or incorrect filings under the final value-added tax regulations will face penalties and other…
Yemen central bank complains to Saudi-led coalition about cash deliveries
Yemen's central bank has complained to its allies in a Saudi-led military coalition about a lack of cash deliveries needed…
Kuwait unlikely to issue decree of necessity to impose taxes
There are no indications that government will issue a decree of necessity to impose tax on citizens and expatriates, especially…
Costa Rica, UAE conclude negotiations to prevent double taxation
The Republic of Costa Rica and the United Arab Emirates successfully concluded negotiations for an agreement to prevent double taxation…
President appoints FTA chief
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a federal decree No. 84 of 2017 to transfer…
75% of GCC firms ‘have yet to engage VAT advisors’
Three-quarters of GCC firms have yet to engage with their tax advisor on the subject of value-added tax, a study…
India clarifies income tax rule for NRIs
The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they…
New taxes could reduce Lebanese banks’ profitability
The newly endorsed taxes will probably affect Lebanese banks’ consolidated profits in the coming years but will not dissuade lenders…
Andersen Tax Announces Debut in Israel
The Andersen name will debut in Israel and the Middle East this week as Beneli Tax formally adopts the Andersen…