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Saudi Arabia News - Business, Taxation & Offshore




Qatari Cabinet Approves VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among Gulf Cooperation Council states.Read Full Story

 

Merkel Hopes EU Will Complete FTA With Gulf Nations

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 3, 2017

German Chancellor Angela Merkel held a number of meetings recently to push the conclusion of a free trade agreement with the Gulf Cooperation Council (GCC) nations – Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman. Read Full Story

 

 

Saudi Arabia Approves GCC 'Sin Tax'

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 18, 2017

Saudi Arabia's Shura Council has approved the introduction of the "selective tax," being rolled out across the Gulf Cooperation Council (GCC) member countries. Read Full Story

 

Jordan To Impose Late Filing Penalty

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 10, 2017

Jordan said it will impose a fine of between JOD100 (USD141) and JOD500 for taxpayers who do not submit their 2016 tax returns by the April 30 deadline. Read Full Story

 

 

Saudi Arabia To Introduce Tax On Undeveloped Land

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 30, 2017

Saudi Arabia is planning to introduce a 2.5 percent tax on unused land in areas earmarked for development.Read Full Story

 

Saudi Arabia Cuts Tax For Oil Producers Ahead Of Aramco IPO

by Jason Gorringe, Tax-News.com, London

Tuesday, March 28, 2017

In a move thought to be intended to boost state-owned oil company Aramco ahead of an Initial Public Offering, Saudi Arabia announced tax cuts for oil and hydrocarbon producers on March 27.Read Full Story