Saudi Arabia News
Saudi Arabia And Hong Kong Sign DTA
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 25, 2017
Hong Kong and Saudi Arabia have signed a comprehensive agreement for the avoidance of double taxation. 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
Switzerland Exploring Options For Freer Trade
by Ulrika Lomas, Tax-news.com, Brussels
Thursday, July 6, 2017
Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country. Read Full Story
Saudi To Hike Taxes On Expat Workers
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, June 15, 2017
Saudi Arabia is to impose further taxes on expatriate employees from July 1. 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
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
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