Wednesday 24 August 2016
 
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tax

Saudi Arabia to issue undeveloped land tax rules soon

Saudi Arabia will announce the final regulations on an annual tax on undeveloped urban land in two weeks, the housing minister said on Wednesday. "Land fees are now complete and have been studied by all concerned entities and

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Expats, employers concerned over Saudi tax move

Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign workers to make up for falling oil revenues. Around a third of the 30 million in

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Saudi Arabia rules out tax on expat remittances

Saudi Arabia will not impose a tax on the money which foreign workers in the kingdom send back to their home countries, finance minister Ibrahim Alassaf told reporters on Tuesday. Some countries in the Gulf have been considering s

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Saudi Arabia rules out tax on expat remittances

Saudi Arabia will not impose a tax on the money which foreign workers in the kingdom send back to their home countries, finance minister Ibrahim Alassaf told reporters on Tuesday. Some countries in the Gulf have been considering s

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VAT ‘will lead to higher inflation rates across GCC’

Introducing the Value Added Tax (VAT) will lead to higher inflation rates across the GCC, according to financial and investment professionals in the UAE. This is one of the results of a survey undertaken by the CFA Society Emirates, the

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Bahrain forum discusses changes in UK tax law

Changes in UK tax laws were discussed at a special event in Bahrain recently, aimed to update UK citizens and owners of IK properties of any nationality of the effects of the changes and availability of consultancy help in Bahrain. Topi

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Saudi Arabia taxes undeveloped urban land

Saudi Arabia has imposed an annual tax on undeveloped urban land, the Housing Ministry said on Sunday, finalising the rules for a system intended to address a shortage of affordable housing. The introduction of a land tax, first a

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Abu Dhabi to impose new tax on hotel guests

Hotel guests in Abu Dhabi will soon be charged a new fee following a new decree to impose a 4 per cent municipality tax on hotel bills and a Dh15 ($4) charge per night, according to a report.

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Bahrain ‘could soon impose taxes on services’

Bahrain’s monetary regulatory authority could soon have more prerogatives to impose taxes on services, said a report in the Gulf Daily News (GDN), our sister publication.   To read further, please

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OECD launches common reporting standard

The Organization for Economic Co-operation and Development (OECD) has launched the Automatic Exchange of Information (AEOI) also known as the common reporting standard (CRS) - a globally co-ordinated approach to disclosure of account informati

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