Saudi Arabia to become first GCC country to impose 'sin tax'
Saudi Arabia will become the first Gulf Cooperation Council (GCC) country to impose excise tax at 100 percent on tobacco…
Tax
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UAE sin tax spells trouble for Swiss cigar maker
Whilst the UAE is a promising market for cigar maker Oettinger Davidoff, it also faces strong headwinds that could seriously…
United Arab Emirates – the latest "tax haven" to sign up to enhanced tax transparency
On the 21 April 2017, the United Arab Emirates (UAE) officially signed up to the Multinational Convention on Mutual Administrative…
Lebanon confirms its commitment towards greater tax transparency
Today, at the OECD Headquarters in Paris, Lebanon represented by Mr. Ghady El Khoury, Chargé d’affaires of the Embassy of…
New Deloitte report on banking regulations in UAE
Deloitte, a leading provides audit, tax, consulting, and financial advisory services, has launched its inaugural Regulatory Barometer that reveals the…
Kuwait expands its capacity to fight international offshore tax avoidance and evasion
The OECD Headquarters in Paris, H. E. Sami Mohammad Alsulaiman, Ambassador of Kuwait to France, signed the Multilateral Convention on…
Kuwait central bank opposes tax on expat remittance
Central Bank of Kuwait (CBK) Governor Dr Mohammad Al- Hashel said imposing taxes or fees on expatriates’ remittances is not…
KPMG Bahrain expands VAT practice with a new tax partner
In preparation for the introduction of Value-added Tax by 2018, KPMG in Bahrain has announced the expansion of its tax…
GCC value-added tax framework provides roadmap for Qatar: KPMG
Following the release of the unified agreement for value-added tax for the Gulf Cooperation Council countries by Saudi Arabia, Philippe…
Levy of VAT will change landscape of UAE property
The UAE is set to levy a five per cent value-added tax starting on January 1, 2018. The decision is…
UAE joins global fight against offshore tax evasion
The United Arab Emirates formally signed up to what the OECD calls 'the most powerful multilateral treaty against offshore tax…
The United Arab Emirates become the 109th jurisdiction to join the most powerful multilateral treaty against offshore tax evasion and avoidance
The OECD Headquarters in Paris, His Excellency Muadid Hareb Mughair Al-Khaili, Ambassador of the United Arab Emirates to France, signed…