Situationer: Pakistanis quiver as UAE demands tax information
Last week account holders in a major UAE bank began receiving letters alerting them that soon they will be required…
Tax
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Double taxation: Ecuador, Italy sign agreement to foster private investements
Ecuador signed an agreement with Italy to define the tax obligations of the citizens of the two countries, in order…
UAE among 30 countries to implement new tax-evasion policy
The United Arab Emirates will implement a new global transparency policy which will bring to an end baking secrecy in…
UAE Banks Notify Expats On Anti-Tax Evasion Policy
Expatriates in the UAE have been notified about the implementation of a new global transparency policy that seeks to fight…
Double Taxation Agreement Between Switzerland And Oman
The Double Taxation Agreement between Switzerland and Oman aiming to increase economic ties officially came into force last month, according…
7,000 Kuwaitis with $2.3bn in FATCA reveal
The USA Tax and Financial Consultants Office in the Middle East confirmed that Kuwait has revealed the accounts of about…
Accounting meets religion in challenge for Islamic banks
Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules…
Islamic finance body approves regulations for gold-based products
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions said yesterday it had approved a syariah standard for gold-based…
Financial services firms prepare for CRS implementation
The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services…
US interest rate continues hike
Last week the US dollar continued its rally against most of its counterparts sparked by US President-elect Donald Trump’s promises…
MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis
The UAE, represented by the Ministry of Finance, has signed two final agreements on the avoidance of double taxation on…
Qatar has the least demanding tax system, but new data highlights post-filing challenges, says PwC
The Middle East region has the least demanding tax system, ranking consistently below the world average according to the latest…