Monday 27 April 2015
 
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tax

Kuwait mulls same tax for local, foreign firms

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

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Obama income falls to $477,000 in 2014

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.

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Saudi real estate shares tumble on new tax plan

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.

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Saudi real estate shares tumble on new tax plan

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.

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Saudi cabinet approves tax on undeveloped land

Saudi Arabia's cabinet has approved a proposal to tax undeveloped land in urban areas, a policy that could help to end a shortage of affordable homes and spur economic growth. The cabinet told a council of top economic officia

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Gulf states plan key talks on value-added tax

Gulf states are pursuing discussions on plans to introduce value-added tax (VAT) in the region, with a meeting scheduled later this month aimed at resolving points of contention, a UAE finance official said. The six nations of the

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Firms in new Suez Canal hub to pay only 10pc tax

Egypt's investment minister said companies participating in a planned economic hub in the Suez Canal area will pay 10 per cent tax, just a third of the national corporate rate, state media reported on Friday. Egypt plans to bu

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Saudi Arabia plans to tax undeveloped land

Saudi Arabia's housing ministry is moving to tax undeveloped land, official media quoted the housing minister as saying, in a policy that could help to end a shortage of homes and spur economic growth. Much urban land in the k

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Oman panel rejects tax move on expats

The economic committee of Oman's State Council has rejected a proposal to impose tax on remittances by expatriates, a report said quoting a senior official. The proposal had been made by the Majlis Al Shura. Sal

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UAE, Hong Kong in deal to avoid double taxation on income

The UAE signed a deal for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai, UAE. The agreement was signed by Obaid Humaid Al Tayer, Min

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