islamic finance News

Oman Adds Tax-Exempt REITs To Offering

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 6, 2018

Oman's Capital Market Authority, which regulates the sultanate's financial markets, has issued a decree providing an exemption for newly permitted real estate investment funds. Read Full Story

Corporate Tax Cuts In Malaysian Budget

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

Wednesday, October 26, 2016

Malaysia's 2017 Budget will provide corporate tax cuts for companies increasing their annual revenues and for small businesses. Read Full Story

South Africa Expands Islamic Finance Opportunities

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 27, 2015

It is proposed that the current legislation in respect of sukuk and murabaha financing will be extended to listed companies, within the 2015 Draft Taxation Laws Amendment Bill that South Africa's Ministry of Finance recently published for public comment. Read Full Story

South Korea Preparing Islamic Finance Tax Rules

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

Tuesday, December 23, 2014

At a roundtable in Pyeongchang, the CEO of the Franco-American Alliance for Islamic Finance, Camille Paldi, noted that, while South Korea has taken many steps towards entering the global Islamic finance market, its tax code has yet to be amended to facilitate sukuk issuance. Read Full Story

Seychelles Budget Increases Taxes To Attain Debt Target

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 17, 2014

In his 2015 Budget Speech on December 15, Seychelles Minister for Finance, Trade, and Investment Pierre Laporte has had to announce further tax-raising measures, so as to ensure future fiscal sustainability. Read Full Story

Talk Of Converging Islamic, IASB Accounting Standards

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 20, 2014

The Accounting and Auditing Organisation for Islamic Financial Institutions has indicated that it is now prepared to collaborate with the International Accounting Standards Board on the possible convergence of their corporate and financial accounting standards. Read Full Story

South Africa Issues First Islamic Bond

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 19, 2014

South Africa's National Treasury has announced that, following the entry into force of tax provisions for Islamic financing at the beginning of 2013, the Republic of South Africa has successfully concluded its debut USD500m, 5.75-year sukuk bond issue. Read Full Story

Malaysia Explains Foreign Fund Management Company Taxation

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

Thursday, September 11, 2014

The Inland Revenue Board of Malaysia has issued a public ruling explaining the tax treatment of income received by a foreign fund management company that provides fund management services to foreign and local investors. Read Full Story

Hong Kong, Malaysia Spread The Word On Islamic Finance

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

Tuesday, April 15, 2014

On April 14, the Hong Kong Monetary Authority and Bank Negara Malaysia held a joint Islamic finance conference in Hong Kong, to raise the level of interest in sukuk as a viable financing and investment instrument amongst the business and financial community in Hong Kong and Mainland China. Read Full Story

New Hong Kong Tax Rules For Islamic Finance

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

Wednesday, July 24, 2013

Legislation to amend the Inland Revenue Ordinance and Stamp Duty Ordinance, and provide a comparable taxation framework in Hong Kong for some common types of Islamic bonds compared with conventional bonds, went into operation on July 19, 2013. Read Full Story

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