Tax-Privileged Free Trade Zones The OECD's Next Target

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 19, 2018

In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Read Full Story

HMRC Details 2017 Prosecutions For Tax Crimes

by Jason Gorringe, Tax-News.com, London

Wednesday, January 3, 2018

HM Revenue and Customs, the UK's tax authority, has revealed details of its enforcement activities during 2017, including a round-up of the "top ten" cases it pursued. Read Full Story

Landmark UK Tax Court Win For British Expats

by Jason Gorringe, Tax-News.com, London

Tuesday, November 7, 2017

The UK's High Court of Justice has ruled in favor of the taxpayer in a landmark case concerning limits to HM Revenue and Customs's powers to investigate the affairs of UK expats and non-resident persons who have permanently cut ties with the UK. Read Full Story

UAE's New Tax Agency Agrees VAT, Excise Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, September 7, 2017

The Board of Directors of the UAE Federal Tax Authority has approved various procedures relating to the forthcoming introduction of excise and value-added taxes in the UAE. Read Full Story

Greek Shipping Firms Unhappy With Tax Regime

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, September 6, 2017

Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY. Read Full Story

IMF Welcomes MENA Tax Reform Progress

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 31, 2016

The International Monetary Fund has released a new report for countries in the Middle East and North Africa, noting that low growth rates and oil prices should encourage these territories to continue efforts to broaden their tax bases, including by introducing value-added taxes. Read Full Story

Jebel Ali Free Zone Launches New Business Center

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, September 8, 2016

Jebel Ali Free Zone, a free trade zone in the United Arab Emirates, announced that it has launched a new office block. Read Full Story

Dubai, Abu Dhabi Tax-Free Zones In Regulatory Pact

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 26, 2016

The regulators of the Dubai International Financial Center and the Abu Dhabi Global Market have agreed to support each other on enforcing international financial market regulations. Read Full Story

Dubai Airport Freezone Seeks Stronger Ties With China

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, July 14, 2016

The Dubai Airport Freezone Authority recently received a Chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, to explore new investment prospects to deepen economic cooperation between the UAE and China. Read Full Story

DIFC Endorses Framework For Electronic Contracts

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, July 13, 2016

The Dubai International Financial Centre Authority has released a proposed new Electronic Transactions Law, DIFC Law No. 2 of 2016, for public consultation. Read Full Story

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