Wednesday 25 May 2016
 
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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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Kuwait approves 10pc tax on companies' profits

Kuwaiti Finance Minister Anas Al-Saleh told a press conference on Monday that the cabinet had approved a plan to impose a 10 per cent tax on profits of companies. The cabinet also approved a repricing of some commodities and publi

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Making tax less taxing in the Middle East

The Middle East is often perceived to be a low tax, or even a ‘no tax’ area, however, a recent survey of the regions’ tax and finance leaders shows that managing tax in the region can be complex and challenging.

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Bahrain central bank warns over remittances tax move

The Central Bank of Bahrain (CBB) has warned about the fallout of taxes on remittances and other 'foreign transactions', said a report. Such a move will damage national economy and may have serious implications for Bahrain

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Saudi Arabia plans VAT in 2 years

Saudi Arabian Finance Minister Ibrahim Alassaf said the kingdom expects to introduce value-added tax in two years, aiming for a tax rate of around 5 per cent, the Saudi-owned Al-Hayat newspaper reported on Wednesday. "VAT wil

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Saudi Arabia plans VAT in 2 years

Saudi Arabian Finance Minister Ibrahim Alassaf said the kingdom expects to introduce value-added tax in two years, aiming for a tax rate of around 5 per cent, the Saudi-owned Al-Hayat newspaper reported on Wednesday. "VAT wil

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