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Stories that are tagged 'Gulf Cooperation Council'




UAE To Exempt Residential Property From VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 17, 2017

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

 

Saudi Arabia Launches Consultation On VAT Law

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 2, 2017

Saudi Arabia's tax authority has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018. Read Full Story

 

Qatari Cabinet Approves VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among Gulf Cooperation Council states. Read Full Story

 

Kuwait Central Bank Opposes Tax On Expat Remittances

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

The Governor of Kuwait's Central Bank has said he opposes calls to introduce a remittance tax in the country, saying that the measure would damage its economy and financial reputation. Read Full Story

 

Gulf States Investigating Chinese Steel Pipe 'Dumping'

by Mary Swire, Tax-News.com, Hong Kong

Thursday, May 4, 2017

The Gulf Cooperation Council has launched an anti-dumping investigation covering steel pipe exports from China. Read Full Story

 

Merkel Hopes EU Will Complete FTA With Gulf Nations

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 3, 2017

German Chancellor Angela Merkel held a number of meetings recently to push the conclusion of a free trade agreement with the Gulf Cooperation Council (GCC) nations – Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman. Read Full Story

 

Saudi Arabia Approves GCC 'Sin Tax'

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 18, 2017

Saudi Arabia's Shura Council has approved the introduction of the "selective tax," being rolled out across the Gulf Cooperation Council (GCC) member countries. Read Full Story

 

Qatar To Create Value-Added Tax Collection Agency

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 11, 2017

Qatar has taken steps to establish a separate and independent tax authority ahead of the introduction of value-added tax in 2018. Read Full Story

 

UAE Confirms VAT Exemption For Residential Real Estate

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 30, 2017

The United Arab Emirates Government has said that residential property will be exempt from its new value-added tax (VAT) regime but a five percent charge will apply to commercial property. Read Full Story

 

Saudi Cabinet Approves GCC Selective Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 22, 2017

Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries. Read Full Story

 

 

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