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
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
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
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.
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
Jordan’s Finance Ministry has rejected proposals from the International Monetary Fund (IMF) to increase sales and other taxes, according to a report.
It has presented a package of alternative measures to increase revenues an
Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google and Amazon.com to shave billions of dollars off their tax bills.
The Organisation for Ec
Non-Resident Indians (NRIs) in Bahrain foresee an influx of GCC investment in India in the coming years, with the debut budget of the new Indian government clarifying its stance on retrospective taxation.
Egypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil.
The tax applies to div
Egypt extended a 5 percent supplementary tax to include companies as well as wealthy individuals, drawing a mixed response from businesses on Monday as it seeks ways to boost flagging state revenues under a new president.