President of the United Arab Emirates, Khalifa bin Zayed Al Nahyan, on August 21 issued a Federal Decree on Excise Tax, with the levy to be imposed on selected products, including tobacco products, some types of soft drink, and energy drinks.Read Full Story
UAE President Khalifa bin Zayed Al Nahyan has ratified a new tax administrative law, intended to strengthen revenue collections, ahead of the introduction of value-added tax in 2018.Read Full Story
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
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
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
The United States International Trade Commission has voted to expedite reviews of anti-dumping duty orders to determine whether certain US producers would continue to suffer harm in their absence.Read Full Story
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