Former Bahrain Banker Pleads Guilty to $1.3 Million Federal Income Tax Fraud
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three…
Tax
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American expats in UAE: Time has come for Fatca
If you are from the US then you’ve probably heard of the Foreign Account Tax Compliance Act (Fatca), but are…
Deloitte appoints new Managing Partner for its Bahrain practice
The Deloitte Bahrain practice has a long history in the country serving international and local clients. It began operations…
Azerbaijani banks permitted to make reports to other states about their customers directly or through mediators
Azerbaijan de facto joined the American tax reporting system FATCA (Foreign Account Tax Compliance Act): on July 8 President Ilham…
Israel Latest Country to Sign Tax-Evasion Agreement With U.S.
Israel has joined 80 other countries in signing an agreement with the U.S. government on fighting offshore tax evasion, the…
ALEXBANK to Implement FATCA First of July
ALEXBANK announced that it will start applying the U.S Foreign Account Tax Compliance Act known as FATCA beginning of July1st.…
EY appoints Managing Partner in Oman
EY has announced the appointment of Ahmed Al Esry as the new Office Managing Partner in the Muscat office. Ahmed…
Israel to sign tax treaty with Panama
Panama is famous for its canal, colorful history and cool offshore tax regime. To that we can soon add a…
US announces changes to the Offshore Voluntary Disclosures Programs
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in…
‘Qatar businesses losing money by ignoring GCC customs duties savings’
Qatar businesses are losing money by ignoring potential savings in GCC customs duties, a senior KPMG expert has said. …
Israel's Bank Leumi to pay $289 mln in US tax probe deal
Bank Leumi, Israel's second largest bank, said on Sunday it was close to a deal to pay nearly 1 billion…
Grant Thornton's unit posts strong growth
The Bahrain operation of a leading professional services firm is seeing rapid growth affirming a revival of economic activity. …