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

Irish Tax Regime 'Most Business Friendly In EU'

by Jason Gorringe, Tax-News.com, London

Friday, December 15, 2017

Ireland tops the EU league of business-friendly tax regimes and is an attractive location in which to do business, according to a new survey by PwC. Read Full Story

EU Accused Of Tax Blacklist Hypocrisy

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 11, 2017

An umbrella body for non-governmental organizations in Finland has criticized the European Union for not including member states on its tax blacklist when several EU countries have laws in place that encourage corporate tax avoidance. Read Full Story

Offshore IFCs Absent From EU's New Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 5, 2017

EU member states have agreed to a new EU list of non-cooperative tax jurisdictions, featuring 17 jurisdictions and notably relatively few offshore financial centers. Read Full Story

UAE Finalizes Adoption Of New VAT Framework

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 30, 2017

The Prime Minister of the United Arab Emirates has officially approved Regulations that set out rules for the value-added tax framework the country will adopt, alongside Saudi Arabia, from January 1, 2018. Read Full Story

Saudi Arabia Explains VAT Rules For Transport Sector

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

Saudi Arabia's tax authority has issued guidance on the value-added tax rules that will apply to transportation services when value-added tax is introduced from January 1, 2018. Read Full Story

Bahraini Ministers Approve GCC's Selective Excise Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, October 20, 2017

Bahrain's Cabinet on October 16 approved Gulf Cooperation Council proposals for a selective excise tax on unhealthy drinks, the state news agency reported. Read Full Story

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.