Saudi Arabia News - Business, Taxation & Offshore

Switzerland Publishes Review Of 2021 Tax Progress
Thursday, January 20, 2022
As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. Read Full Story

Indonesian Lawmakers Approve Tax Reform Plans
by Mary Swire, Tax-News.com, Hong Kong
Monday, October 18, 2021
Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax.Read Full Story

Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 15, 2020
Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework.Read Full Story

BEPS MLI Enters Into Force For Cyprus, Saudi Arabia
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 15, 2020
The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020. Read Full Story

EU Finance Ministers Issue Joint Statement On Digital Taxation
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, March 3, 2020
The finance ministers of France, Germany, Italy, and Spain have put their names to a statement calling for countries to reach an agreement on solving the tax challenges of the digital economy by the end of 2020. Read Full Story

Netherlands Adds To Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 31, 2019
Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019. Read Full Story
- 06/12/2019 OECD Releases Eight New Action 14 Peer Reviews »
- 08/10/2019 Netherlands Begins Consultation On Tax Blacklist »
- 18/09/2019 Saudi Arabia Begins Requesting Local, Master File »
- 07/08/2019 Oman Says VAT Not On The Backburner »
- 24/04/2019 Directors Fees Outside Scope Of Saudi VAT »
- 03/01/2019 Netherlands Announces Tax 'Blacklist' »
- 27/09/2018 Netherlands Begins International Tax System Review »
- 24/08/2018 Swiss Gov't Approves BEPS Multilateral Instrument »
- 27/02/2018 Bahrain Commits To Introducing VAT This Year »
- 24/01/2018 Saudi Arabia Sets Out VAT Filing, Payment Obligations »
- 15/01/2018 Saudi Arabia Legislates To Absorb VAT On Education »
- 09/01/2018 Saudi Confirms VAT Rules For Hire-Purchase Contracts »
- 05/01/2018 Cyprus, Saudi Arabia Negotiate Double Tax Agreement »
- 03/01/2018 Having Implemented VAT, Saudi Arabia Moves To Challenge Fraud »
- 02/01/2018 United Arab Emirates, Saudi Arabia Introduce Value-Added Tax »
- 29/12/2017 Bahrain To Begin Levying GCC's Selective Tax »
- 28/12/2017 Oman Confirms No VAT In 2018 »
- 22/12/2017 IMF Reports On Middle East's Fiscal Challenges »
- 18/12/2017 Saudi Arabia Clarifies VAT On Electronic Services, E-Commerce »
- 05/12/2017 Saudi Arabia Explains Invoicing Rules For GCC VAT »
- 01/12/2017 UAE Finalizes Adoption Of New VAT Framework »
- 01/12/2017 Saudi Releases VAT Guide On Insurance »
- 17/11/2017 Saudi Arabia Explains VAT Rules For Transport Sector »
- 17/11/2017 IMF Urges Kuwait To Press Ahead With VAT »
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