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…
Tax
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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…
CIMA Charts Robust Growth Across The GCC In 2015
The Chartered Institute of Management Accountants (CIMA), the world's largest body of Management Accountants, sustained an unparalleled expansion efforts throughout…
Bahrain central bank warns over remittances tax move
The Central Bank of Bahrain has warned about the fallout of taxes on remittances and other 'foreign transactions', said a…
Deloitte: Tax reform in the GCC approaching
Tax reform in the Gulf Cooperation Council region is a matter of when, not if, and Saudi Arabia is not…
Al Baraka Bank Egypt employs SAS FATCA solution
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), partnered with SAS and Data…
Turkey: Islamic lender fined $5.14 mln for unpaid tax
Islamic lender Bank Asya has been fined 15 million Turkish lira ($5.14 million) for unpaid taxes with additional fines, according…