Nigeria, Qatar sign agreements on air service, avoidance of double taxation
Nigeria and the State of Qatar on Sunday in Doha signed Bilateral Air Services Agreement (BASA) to pave way for…
Tax
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Businesses guilty of wasting 5% of revenues a year
Global organisations needlessly wasted an average amount of 5% of revenue every year, according to a new study by the…
Will VAT affect UAE residents? Here's your answer
The rate of tax at five per cent, as recommended by the World Bank and the International Monetary Fund, is…
Bahrain to discuss bank regulations with US Treasury
Bahraini authorities will discuss with the US Treasury the problem of international banks becoming reluctant to deal with banks in…
UAE budget deficit set to fall: NBAD
On the back of various measures to support government revenues, the UAE's budget deficit could fall to about four per…
HSBC’s Swiss, Dubai arms under lens for tax evasion by Indians
Armed with “sufficient evidence”, Indian tax authorities have issued notices to global banking giant HSBC, warning of prosecution against its…
EY appoints leader of EMEIA Wealth & Asset Management Performance Improvement practice
EY has appointed John Floods as Partner and leader of the firm’s EMEIA Wealth & Asset Management Performance Improvement practice.…
KPMG report finds Bahrain's financial industry benefits from low operating costs
For financial services institutions, the cost of doing business in Bahrain is lower than in Dubai or Qatar, a recent…
Jordan Islamic Bank pre-tax profits up 17 per cent
Jordan Islamic Bank achieved pre-tax profits of $ 105.4 million for 2015, up almost `17 per cent on year ago…
Barclays Israel again questioned on tax evasion
Barclays Israel CEO Leonard Rosen was summoned back for additional questioning by the Israel Tax Authority, following the testimony he…
Tax-free residency? Two non-GCC countries without income tax
The UAE is one of the places in the world where expats can live, earn and keep those well-earned dirhams,…
Gulf states prep tax laws ahead of 2018 rollout
Gulf Arab states are putting the finishing touches on draft laws on value-added taxes of up to 5 percent that…