Bahrain News
EU Announces Sanctions For 'Blacklisted' Countries
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 22, 2018
The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions. Read Full Story
EU Makes Changes To Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, March 14, 2018
The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three. Read Full Story
Bahrain Commits To Introducing VAT This Year
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, February 28, 2018
Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story
EU Removes Jurisdictions From Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, January 23, 2018
The EU has announced the removal of eight jurisdictions from its tax blacklist. Read Full Story
EU Tax Blacklist To Be Slimmed By Nine
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 22, 2018
At its meeting on January 22, the EU Council is to remove Barbados, Grenada, South Korea, Macao, Mongolia, Panama, Tunisia, and the United Arab Emirates from the EU's list of non-cooperative jurisdictions in taxation matters, according to an agenda released prior to the meeting. Read Full Story
Bahrain Commits To Introducing VAT This Year
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, January 5, 2018
Bahrain has affirmed that it will introduce the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story
United Arab Emirates, Saudi Arabia Introduce Value-Added Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, January 1, 2018
Having introduced value-added tax on January 1, 2018, the United Arab Emirates and Saudi Arabia became the first two states of the six-member Gulf Cooperation Council grouping to follow through on the bloc's commitment to introduce a harmonized value-added tax. Read Full Story
Bahrain To Begin Levying GCC's Selective Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, December 28, 2017
Bahrain's Cabinet has approved the introduction of the Gulf Cooperation Council's so-called selective tax on unhealthy commodities from December 30. Read Full Story
Oman Confirms No VAT In 2018
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, December 27, 2017
Oman has officially stated it will not be joining the United Arab Emirates and Saudi Arabia in introducing the agreed Gulf Cooperation Council value-added tax until at least 2019. Read Full Story
IMF Reports On Middle East's Fiscal Challenges
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, December 21, 2017
The International Monetary Fund has published a new paper on the fiscal consolidation challenges being faced by the members of the Gulf Cooperation Council – Kuwait, Qatar, Oman, Saudi Arabia, Bahrain, and the United Arab Emirates – whose tax revenues have been depressed due to persistently low oil prices. Read Full Story
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