With the possible introduction of VAT by 2018 in GCC region, it is a critical time for organizations across the region to take into account the impacts and other changes that will accompany this introduction, an industry expert said.
Zain Saudi will appeal an order from Saudi Arabia's Department of Zakat and Income Tax for extra payments worth SR619 million ($165.1 million) for the years 2009-2011, the kingdom's number three telecommunications operator said.
New Zakat regulations currently being implemented by Saudi Shura Council's new committee were the subject of Ernst & Young (EY) annual tax seminars in Jeddah, Riyadh, Al Khobar and Bahrain.
"EY remains committed to co
Deloitte, a leading firm providing audit, tax and financial advisory services in the region, hosted its annual seminars in key cities across Saudi Arabia focusing on the recent developments in the kingdom's tax and zakat laws and practices.
Al Salam Bank - Bahrain is adopting a fast track approach to develop its performance regionally and internationally, its chairman said.
At an annual general assembly at the Diplomat Radisson SAS Hotel, Residence and Spa, which attracted m
A high-level advisory panel for the Islamic Solidarity Fund for Development (ISFD), has called for enhanced efforts to ensure participation by the private sector in the Islamic fund.
The ISFD, a window for the Islamic Development Bank (Is