BEPS Multilateral Instrument To Enter Into Force

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 23, 2018

The OECD has announced that its multilateral convention to implement tax treaty-related measures to counter base erosion and profit shifting will enter into force on July 1, 2018. Read Full Story

EU Announces Sanctions For 'Blacklisted' Countries

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 22, 2018

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions. Read Full Story

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

EU Makes Changes To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 14, 2018

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three. Read Full Story

UAE Tax Authority To Waive Late VAT Registration Penalties

Tuesday, March 13, 2018

The UAE's Federal Tax Authority has announced that it will waive late registration penalties for businesses that have not yet registered for VAT, on the condition that they do so by April 30 of this year. Read Full Story

UAE Clarifies Tax Rules For Contracts Agreed Prior To VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 6, 2018

The UAE's Federal Tax Authority has issued guidance on whether a supplier or consumer is liable for VAT on goods or services for contracts negotiated before VAT was introduced. 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

UAE Issues Guidance Ahead Of VAT Filing Deadline

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, February 15, 2018

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said. Read Full Story

UAE VAT Authority Addresses Compliance Matters

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 31, 2018

The UAE's Federal Tax Authority has newly launched a number of VAT compliance tools and further confirmed how the value-added tax regime, introduced at the start of the year, should operate. Read Full Story

UAE Confirms Online Purchases Are Subject To VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, January 23, 2018

The United Arab Emirates' Federal Tax Authority has released a statement confirming that all purchases from online retailers are subject to the same value-added tax rules as for purchases from brick and mortar stores – that they should generally be subject to the headline five percent value-added tax rate. Read Full Story