Saudi Arabia News

Netherlands Begins Consultation On Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 11, 2019

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. Read Full Story

Saudi Arabia Begins Requesting Local, Master File

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 20, 2019

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia published final transfer pricing by-laws, including transfer pricing documentation requirements proposed under the OECD's 2013 Base Erosion and Profit Shifting (BEPS) Action 13 Plan, on February 15, 2019. GAZT has now begun formally requesting the submission of specific transfer pricing documentation, in relation to the fiscal year ending December 31, 2018. Read Full Story

Oman Says VAT Not On The Backburner

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay. Read Full Story

Directors Fees Outside Scope Of Saudi VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 29, 2019

Saudi Arabia's General Authority for Zakat and Tax said on April 14, 2019, that fees earned by members of boards of directors of companies, bodies, or government institutions are outside the scope of VAT. Read Full Story

Netherlands Announces Tax 'Blacklist'

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 7, 2019

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting. Read Full Story

Netherlands Begins International Tax System Review

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 28, 2018

The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules. Read Full Story

Swiss Gov't Approves BEPS Multilateral Instrument

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 21, 2018

The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system. 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

Saudi Arabia Sets Out VAT Filing, Payment Obligations

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, January 23, 2018

Saudi Arabia's tax agency, the General Authority for Zakat and Tax, has issued a reminder to taxpayers that all enterprises registered for the territory's new value-added tax whose supplies exceed SAR40m (USD10.6m) annually must file their tax returns on a monthly basis. Read Full Story

Saudi Arabia Legislates To Absorb VAT On Education

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, January 12, 2018

Saudi Arabia's tax agency has set out the arrangements through which Saudi nationals will not bear the value-added tax that must be charged on education services under the Gulf Cooperation Council's harmonized value-added tax, which was introduced from January 1, 2018. Read Full Story

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