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Oman News - Business, Taxation & Offshore




Romania Drops Solidarity, Turnover Tax Proposals

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 26, 2017

The Romanian Government has scrapped controversial plans to introduce a solidarity tax on high incomes and replace corporate income tax with a turnover tax.Read Full Story

 

Saudi Arabia Readies For Value-Added Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, July 26, 2017

Saudi Arabia has released draft regulations for the introduction of value-added tax for consultation, following recent approval of the tax framework from lawmakers.Read Full Story

 

 

IMF Praises Saudi Tax Reforms

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 24, 2017

Saudi Arabia has received praise for the International Monetary Fund for recent and planned indirect tax reforms, to broaden the tax base away from oil, but said the timetable for introducing value-added tax could be challenging.Read Full Story

 

Canadian Mining Firm Challenging 'Retaliatory' Romanian VAT Claim

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 19, 2017

Canadian resource company Gabriel Resources Ltd has said that it will "vigorously challenge" a value-added tax assessment issued by the Romanian tax authority, ANAF, which it says is linked to its decision to begin arbitration proceedings against the Romanian Government.Read Full Story

 

 

UAE To Exempt Residential Property From VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 17, 2017

The United Arab Emirates' Ministry of Finance has confirmed that residential property will be exempt from the Gulf Cooperation Council value-added tax when it comes into force in January 2018, but that a five percent rate will apply on sales or leases of commercial property.Read Full Story

 

EU Tax Burden Steady In 2015, At 38.7pc Of GDP

by Ulrika Lomas, Tax-news.com, Brussels

Friday, July 14, 2017

The European Commission has published its annual taxation trends report.Read Full Story