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Qatar ‘has the lowest company tax rates in the world’Qatar continues to provide one of the most favourable company tax environments in the world according to a new report. On average, the model company in Qatar has a Total Tax Rate of 11.3 per cent of commercial profits making it th More… |
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Kuwait planning to raise corporate tax, cut subsidiesKuwait may raise the corporate tax rate to 10 per cent for local firms and impose limits on energy subsidies, the commerce minister told a local newspaper on Tuesday, part of a broad move to introduce fiscal reforms amid pressure from low oil pr More… |
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UAE seeking consensus with neighbours on VATThe United Arab Emirates and its neighbours are working towards introducing value-added tax (VAT) in the region but don't yet have a consensus on tax rates and exemptions, the finance ministry said on Tuesday. "If the GCC More… |
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VAT plans delayed by disagreement in region: UAEThe United Arab Emirates is still studying a proposal to impose a value-added tax but introduction has been delayed by a lack of agreement among neighbouring states on rates and exemptions, the Ministry of Finance said on Tuesday. More… |
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UAE to draft new corporate tax, VAT laws in Q3The UAE, seeking to bolster state revenues, is likely to complete the drafting of laws introducing corporate tax and value-added tax in the third quarter of this year, a senior Ministry of Finance official said on Thursday. " More… |
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Kuwait to table corporate tax bill in 2 yearsKuwait expects to table a bill to harmonise corporate tax rates between local and foreign firms in around two years' time, offering incentives to key sectors like telecoms and IT, the country's finance minister said on Monday. More… |
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Kuwait plans corporate tax as oil prices crashKuwait has sought help from the International Monetary Fund (IMF) to introduce corporate taxes in a bid to diversify revenue in the face of falling oil prices, a senior government official said. "The IMF will prepare a prelim More… |
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Lower Mena corporate tax 'will draw more FDI'Lowering of corporate tax rates by Mena governments will increase the flow of foreign direct investment (FDI) into the region, according to experts. However, as a consequence of lower tax collec More… |
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New Obama push for low corporate taxPresident Barack Obama has proposed a lower corporate tax rate and an end to dozens of loopholes he said helps US companies move jobs and profits overseas. "It's not right and it needs to change," he said. The president wants to lo More… |
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Gulf corporate tax rates seen falling this yearThe corporate tax rates in some GCC countries are falling this year, at a time when elsewhere in the world, government's are demanding more from businesses. 'Many of the corporate tax trends seen elsewhere in the world are not nece More… |
