Friday 23 June 2017
 
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tax

Saudi Arabia launches public consultation on VAT law

Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has launched a public consultation of the draft law governing value added tax (VAT), which is being introduced in the kingdom from January 1, 2018. The launch of the

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Saudi Arabia to impose special tax on tobacco, sugary drinks

Saudi Arabia will impose a special tax on tobacco and sugary drinks on June 10, as part of a series of steps towards closing a budget deficit caused by low oil prices, said a report. Officials have said they expect to raise betwee

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UAE VAT registrations to begin in Q3

The UAE Federal Tax Authority (FTA) will open registration of businesses for VAT (value added tax) with taxable income exceeding the yearly threshold in the third quarter of 2017,  a Ministry of Finance statement said. Regist

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GCC unified VAT accord come into effect

The Gulf Cooperation Council (GCC) unified selective excise tax and the unified value added tax (VAT) agreements, have come into effect after ratification by the UAE. The General Secretariat of the GCC has received the UAE's r

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Al Tamimi & Company launches tax practice

Al Tamimi & Company, a leading law firm in the Middle East, has established a dedicated tax practice covering the Middle East with the appointment of Shiraz Khan, senior tax advisor.   The global tax landscap

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Al Tamimi & Company launches tax practice

Al Tamimi & Company, a leading law firm in the Middle East, has established a dedicated tax practice covering the Middle East with the appointment of Shiraz Khan, senior tax advisor.   The global tax landscap

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Tax reforms in focus at Deloitte conference

Deloitte recently organised its 10th annual Middle East Tax Conference in Dubait to update practitioners and clients on global and regional tax updates and tools.   The 2017 edition, held on March 22 and 23, aimed to help att

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Tax cuts lift Aramco value by $1 trillion: analyst

Saudi Aramco's upstream portfolio has increased by about $1 trillion following Saudi Arabia’s announced tax rate reduction, Rystad Energy, an oil and gas consulting service, has said.   Yesterday, Saudi

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What are the key points of planned VAT in UAE?

The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said

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What are the key points of planned VAT in UAE?

The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said

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