Wednesday 2 September 2015
 
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Egypt to lower top tax rate and threshold

Egypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a 10 per cent tax on capital gains within two weeks in order to attract investors and boost the economy, the finance minister has sa

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UAE plans sales and corporation tax

The UAE Government is set to introduce value-added tax (VAT) - a federal sales tax, and a corporation tax, accoridng to a report.   It would make the emirates the first country in the regon to introduce an econom

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UAE can impose tax on cars to boost income: IMF

The International Monetary Fund (IMF) has suggested introduction of several new measures including a special excise duty on cars in the UAE to increase government revenue, according to a report. It has also recommended implementat

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UAE can impose tax on cars to boost income: IMF

The International Monetary Fund (IMF) has suggested introduction of several new measures including a special excise duty on cars in the UAE to increase government revenue, according to a report. It has also recommended implementat

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Zain Saudi to appeal $165m zakat, tax order

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.

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Sewage tax plan to bridge Bahrain’s budget deficit

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

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Qatar forum focus on UK property investment

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

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UAE signs US foreign account tax compliance deal

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

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Egypt puts capital gains tax on hold

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

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Qatar tax laws in spotlight at Bahrain seminar

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

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