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Saudi Arabia News - Business, Taxation & Offshore




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

 

 

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

 

Switzerland Exploring Options For Freer Trade

by Ulrika Lomas, Tax-news.com, Brussels

Thursday, July 6, 2017

Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country. Read Full Story

 

 

Saudi To Hike Taxes On Expat Workers

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 15, 2017

Saudi Arabia is to impose further taxes on expatriate employees from July 1.Read Full Story

 

Saudi Arabia Launches Consultation On VAT Law

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 2, 2017

Saudi Arabia's tax authority has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018. Read Full Story