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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
Aviation industry players in the Middle East and North Africa region are concerned about rising taxes and charges, says the International Air Transport Association. Read Full Story
The International Monetary Fund has released a new report for countries in the Middle East and North Africa, noting that low growth rates and oil prices should encourage these territories to continue efforts to broaden their tax bases, including by introducing value-added taxes. Read Full Story
Middle Eastern and North African countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust. and create jobs for the region's young population, the OECD told ministers from the region. Read Full Story
The Dubai Airport Freezone Authority recently received a Chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, to explore new investment prospects to deepen economic cooperation between the UAE and China. Read Full Story
Companies in the Gulf Cooperation Council should take action now to prepare for the implementation of value-added tax and excise tax legislation, according to PwC. Read Full Story
Westinghouse Electric Company has endorsed Sweden's decision to remove the "discriminatory" tax on nuclear power generation as part of the country's new long-term energy policy. Read Full Story
Bank of Palestine, the territory's largest financial institution, has set up its first international representative office worldwide in the Dubai International Financial Centre tax-free zone. Read Full Story
The number of companies registered in Dubai's Jebel Ali Free Zone increased eight percent per year between 2011 and 2015, according to a recent statement from Jafza. Read Full Story
The Abu Dhabi Global Market, a free trade zone in the United Arab Emirates, held a summit on alternative investments on March 30-31, 2016, bringing together more than 250 global CEOs, institutional investors, and investment professionals. Read Full Story
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