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

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

IMF Urges Kuwait To Press Ahead With VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

The International Monetary Fund has urged authorities in Kuwait to push ahead with the introduction of a value-added tax, having fallen behind the United Arab Emirates and Saudi Arabia, which are introducing VAT from January 1, 2018. Read Full Story

Saudi Arabia Readies For Value-Added Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, July 26, 2017

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

IMF Praises Saudi Tax Reforms

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 24, 2017

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

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

Kuwait Signs OECD's Multilateral Tax Pact

by Ulrika Lomas, Tax-News.com, Brussels

Monday, May 8, 2017

Kuwait became the 110th jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on May 5, 2017. Read Full Story

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