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…
Tax
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UAE banks plan to launch mobile wallet in 2016
The UAE Banks Federation (UBF) will finalise the Mobile Wallet project and work on reducing the impact of the “de-risking”…
KPMG says full-year MidEast revenue up 12.7%
KPMG, a global network of professional firms providing audit, tax and advisory services, has reported a 12.7 percent growth in…
UAE, Qatar named world's least demanding tax regimes
The UAE and Qatar have topped a global list for the ease of tax payment, as plans to introduce value…
Supermodel arrested in Israel for tax evasion
Supermodel Bar Refaeli and her mother were arrested in their native Israel on Wednesday on suspicion of tax evasion. …
US expats warned on new tax law
It is possible that American expatriates living in the Gulf could have their passports revoked next month if they fail…
Qatar has lowest company tax
Qatar continues to provide one of the most favourable company tax environments in the world according to World Bank Group…
Grant Thornton Appoints a New Partner to Lead the Abu Dhabi Practice
The Islamic Finance industry has been growing at a rate of 10-15% over the last 40 years. Most industry observers…
Deloitte: GCC is one step closer to VAT implementation
Agreements were reached in recent days by members of the GCC on certain design aspects of the Value Added Tax…
ICAEW recognises outstanding talent in accountancy and finance in the Middle East
The region's best and brightest in accountancy and finance were celebrated last night at the fifth annual Middle East Accountancy…
Deloitte "Middle East Point of View": Investment fund products evolve to target private investors
Historically, asset management activities in the Middle East have focused on Sovereign Wealth Funds (SWFs) and other institutional investors. However,…
Israel joins international efforts to boost transparency and end tax evasion
Israel has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join…