Taxation
Kuwait Begins 2025 With A 15% Tax On MNCs In Economic Diversification Bid
Middle East Business News - Published date: .
The new tax is part of the country’s broader effort to promote economic development and ensure financial sustainabili... Read more
Kuwaits New 15% Tax On MNEs To Strengthen National Economy, Minister Says
Middle East Business News - Published date: .
Kuwait's economy is approaching a new phase of diversification and competitiveness, Fassam said Read more
UAE Corporate Tax: FTA Urges Businesses To Register Before December 31 Deadline To Avoid Penalties
Middle East Business News - Published date: .
The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to regi... Read more
UAE Ministry Of Finance Makes Major Amendments To Ministerial Decisions
Middle East Business News - Published date: .
Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance ... Read more
UAE Salaries To Fall; Corporate Tax Changes; Top Dubai Real Estate Areas; Drone Deliveries Launched – 10 Things You Missed This Week
Middle East Business News - Published date: .
UAE and Saudi salary updates, Dubai real estate analysis, Corporate Tax changes, major health insurance update and more... Read more
UAE Corporate Tax Hike To Fuel Influx Of Multinational Companies Flocking To Freezones
Middle East Business News - Published date: .
A Domestic Minimum Top-up Tax (DMTT) will take effect in the UAE for financial years beginning on or after 1 January 20... Read more
Kuwait Sets 2025 Start For 15% Corporate Tax In Major Fiscal Overhaul
Middle East Business News - Published date: .
The reform comes as Kuwait seeks to diversify its revenue streams beyond oil income, following similar moves by other G... Read more
UAE Announces Changes To Tax Compliance Requirements For Unincorporated Partnerships
Middle East Business News - Published date: .
The announcement was made by the UAE's Ministry of Finance on Monday Read more
Oman Set To Introduce 50% Tax On Sweetened Drinks
Middle East Business News - Published date: .
Oman will introduce a 50% levy on sweetened drinks from October 1 next. Read more
UAE's FTA Extends Deadline For VAT Filings, Payments
Middle East Business News - Published date: .
The move is valid for the tax period ending March 31 Read more
VAT Implementation In KSA And UAE: A Firsthand Impression
Middle East Business News - Published date: .
Some businesses are yet to fully understand the proper application of VAT on goods and service, writes Nidal Abou Zaki, ... Read more
UAE Excise Tax On E-cigarettes, Sugary Drinks To Start On December 1
Middle East Business News - Published date: .
UAE's Federal Tax Authority called on producers and importers to register for the excise tax system at the earliest to a... Read more
Emirates NBD Sees UAE Rate Climb Reversing On Tax Giveaway
Middle East Business News - Published date: .
The government probably held as much as $11bn in bank deposits following the introduction of a 5% value-added tax in ear... Read more
Opinion: The Cost Of Failure To Implement VAT In UAE, Saudi Is Higher Than We Think
Middle East Business News - Published date: .
Three challenges stand out, accordinbg to David Stevens, GCC VAT Implementation Partner, EY Read more