OECD Global Forum Moving On To Beneficial Ownership

by Jason Gorringe, Tax-News.com, London

Monday, August 21, 2017

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published the first 10 outcomes of a new and enhanced peer review process for assessing compliance with international tax transparency standards.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

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

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

• 19/04/2017 Saudi Arabia Approves GCC 'Sin Tax' »
• 12/04/2017 Qatar To Create Value-Added Tax Collection Agency »
• 21/03/2017 Taiwan Explains VAT Refunds For Foreign Exhibitors »
• 23/02/2017 Saudi Cabinet Approves GCC Selective Tax »
• 20/02/2017 Qatar To Introduce GCC Sin Tax »
• 05/01/2017 Qatar Urged To Broaden Tax Base »
• 16/11/2016 Oman Confirms Participation In GCC VAT From 2018 »
• 27/10/2016 Governments Easing Tax And Regulation Burdens »
• 12/09/2016 Qatari Airport Announces Passenger Tax »
• 29/07/2016 Ukraine, Malaysia To Sign Double Tax Treaty »
• 26/07/2016 IMF Welcomes UAE's VAT Plan »
• 22/06/2016 GCC Agrees Framework For Excise Duties, VAT »
• 06/04/2016 PwC Holds VAT Workshop In Qatar »
• 24/03/2016 Moody's Calls On GCC States To Implement Fiscal Reforms »
• 18/03/2016 Kuwait To Levy 10pc Corporate Income Tax »
• 08/03/2016 China, GCC Hold Further FTA Talks »
• 22/01/2016 China, GCC Seek FTA By End-2016 »
• 20/01/2016 Gulf States Finalizing Plans For VAT From 2018 »
• 12/11/2015 GCC States Need To Expand Tax Bases, Says IMF's Lagarde »
• 29/10/2015 Undeveloped Land Tax Proposed In Saudi Arabia »
• 08/09/2015 New Zealand Seeks Signature Of Gulf FTA »
• 20/08/2015 UAE Reports On VAT, Corporate Tax Developments »
• 18/05/2015 GCC Adopts Draft VAT Agreement: Report »
• 08/05/2015 IMF Recommends Tax Reforms For Oman »