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
Page 1
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »
- Brexit and Covid and Tax, Oh My! »
- Why is the Hong Kong startup ecosystem growing rapidly? »
- Happy Holidays? »
- COVID Continues To Capture Headlines »
- Taxing The Zeroes And Ones »
- Value Added News... »