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.
A new sewage tax could be introduced in Bahrain as the government considers alternative ways to increase revenues in light of reduced oil income.
The Cabinet has referred a draft bill to parliament that, if approved, will require
The Qatari Businessmen Association (QBA) recently organised a seminar on how to achieve tax-efficient investment in UK real estate.
The private seminar entitled, ‘Achieving Value in the UK Real Estate Market’ was organ
The UAE Ministry of Finance (MoF) said it has signed the intergovernmental agreement with the US on the Foreign Account Tax Compliance Act (Fatca) as part of its measures to protect Emirati financial institutions.
The Fatca was en
Egypt has put a 10 per cent tax on capital gains on hold for two years, but a 10 per cent tax on stock dividends will remain, the government said in a statement, confirming a Reuters story.
Government spokesman Hossam Al-Qawish sa
Many businesses and high net worth individuals in Bahrain choose to set up branches or invest in nearby Qatar, taking advantage of the wealth of opportunities that the high GDP country has to offer.
Qatar has streamlined its regul
The Egyptian government is working on amending the payment method of a new tax on stock dividends and capital gains, the finance minister said on Thursday, dampening market expectations of any big changes to the unpopular levy.
Kuwait is studying proposals to introduce the same tax rates for local and foreign companies, Finance Minister Anas al-Saleh told reporters on the sidelines of a business conference on Monday.
"There is a list of taxes on loc
US President Barack Obama and his wife Michelle earned $477,383 in 2014, a decline over the past few years as sales of the president's biographies declined, according to their tax return released by the White House on Friday.
Saudi Arabian real estate shares tumbled on Tuesday after the cabinet approved a proposal to tax undeveloped land in urban areas - a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage.