The introduction of excise taxes in Saudi Arabia is likely to bring in annual revenues of SR8-10 billion ($2.1-2.7 billion; 0.35 per cent of GDP), according to government estimates, said a report.
While the 2.5 per cent real estat
Measures are currently on foot for a reform of Saudi Arabia’s taxation system with the proposed introduction of formal transfer pricing rules and the introduction of Value Added Tax (VAT), according to experts.
Deloitte, a l
Leading financial experts will be organising free seminars in Dubai, UAE, for Indian expats to update them on all property tax-related issues in the country including the rental, capital gains and gift tax.
These seminars will be
The G20 backed a "fundamental" rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes.
The group of l
A controversial mutual taxation agreement between Bahrain and Denmark has been given the green light by the Shura Council.
Councillors blocked the deal two months ago in retaliation at the country's so-called failure to take action against
Three more Nordic countries now have mutual taxation agreements with Bahrain after the Shura Council yesterday gave the government green light to sign them.
The Faroe Islands, Finland and Greenland will be added to deals that are already i
The Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) is organising a seminar on 'International Taxation and Cloud Computing' on Saturday from 6pm to 9pm at the Hotel Diva in Juffair.
Bahrain could lead the way in stimulating growth across the region by introducing taxation and offering expats residency.
The region's economy has come out of the slowdown and will now post annual growth of around 4.5 per cent, well ah
Kuwait and Cyprus said on Tuesday they would explore reciprocal investment opportunities, such as in energy and services, as they signed a deal to avoid double taxation of companies operating in the two countries.
'We think that there
I find it very pleasing that Bahrain's MPs have declared war on inflation because, for too long, there seems to have been an idea that the kingdom was almost unique in avoiding inflationary pressures.
It may not have seen the kind of price