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Saudi Arabia News - Business, Taxation & Offshore



OECD Releases Eight New Action 14 Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution. Read Full Story


Netherlands Begins Consultation On Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 11, 2019

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting.Read Full Story


Saudi Arabia Begins Requesting Local, Master File

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 20, 2019

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia published final transfer pricing by-laws, including transfer pricing documentation requirements proposed under the OECD's 2013 Base Erosion and Profit Shifting (BEPS) Action 13 Plan, on February 15, 2019. GAZT has now begun formally requesting the submission of specific transfer pricing documentation, in relation to the fiscal year ending December 31, 2018.Read Full Story


Oman Says VAT Not On The Backburner

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay.Read Full Story


Directors Fees Outside Scope Of Saudi VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 29, 2019

Saudi Arabia's General Authority for Zakat and Tax said on April 14, 2019, that fees earned by members of boards of directors of companies, bodies, or government institutions are outside the scope of VAT.Read Full Story


Netherlands Announces Tax 'Blacklist'

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 7, 2019

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting.Read Full Story














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