Tax

Islamic Finance

Islamic finance body approves regulations for gold-based products

November 30, 2016

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions said yesterday it had approved a syariah standard for gold-based…

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Legal

Financial services firms prepare for CRS implementation

November 30, 2016

The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services…

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Comment & Analysis

US interest rate continues hike

November 28, 2016

Last week the US dollar continued its rally against most of its counterparts sparked by US President-elect Donald Trump’s promises…

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Regulation, Risk & Compliance

MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis

November 25, 2016

The UAE, represented by the Ministry of Finance, has signed two final agreements on the avoidance of double taxation on…

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Financial Results

Qatar has the least demanding tax system, but new data highlights post-filing challenges, says PwC

November 24, 2016

The Middle East region has the least demanding tax system, ranking consistently below the world average according to the latest…

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Regulation, Risk & Compliance

Privatisations are a tricky fourth leg of Egypt’s reforms

November 24, 2016

Egypt’s government in the past few weeks has completed the three toughest parts of its economic reform. It devalued the…

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Regulation, Risk & Compliance

Kuwait retains its sixth-place ranking as one of the world's best tax environments

November 21, 2016

As its domestic and international businesses await major regulatory change with the introduction of VAT from January 2018, Kuwait has…

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Islamic Finance

External audits is the way forward for Islamic finance

November 21, 2016

Wider acceptance and adoption external Sharia audits across the Islamic finance industry will go a long way in preserving the…

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Comment & Analysis

Qatar one of world's most tax-friendly jurisdictions

November 14, 2016

Businesses in Qatar have started preparing for the introduction of VAT (value-added tax) from January 2018.   However, despite the…

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Financial Results

UAE MoF announces $1.58 bln revenue from e-Dirham in 1st 9 months 2016

November 14, 2016

Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8 billion.   …

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Regulation, Risk & Compliance

Argentina and UAE sign double-taxation treaty

November 7, 2016

The United Arab Emirates and Argentina signed this Thursday an agreement to avoid double taxation, reported the Emirates News Agency.…

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Regulation, Risk & Compliance

UAE faces tax haven blacklist threat from G20

November 7, 2016

The United Arab Emirates is at risk of being put on a tax haven blacklist unless it promises to help…

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