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ESR update: New notification form and ESR Return template released
UAE
ESR update: New notification form and ESR Return template released
SAJITH NAIR on 23 October 2020
The Ministry of Finance in UAE has released the much awaited updates on Economic Substance Regulations. The template for updated ESR Notification form and the E..
FTA releases Higher Education Sector Tax Bulletin
UAE
FTA releases Higher Education Sector Tax Bulletin
Salma on 15 September 2020
UAEs Federal Tax Authority (FTA ) has published a summarised tax information bulletin on Higher education sector You can access Law including Guidelines, Cab..
Amended Economic Substance Regulations
UAE
Amended Economic Substance Regulations
SAJITH NAIR on 02 September 2020
The Ministry of Finance UAE has amended the Economic Substance Regulations in consultations withthe OECD and the EU. As a result the Ministry has issuedCabinet ..
JAFZA released ESR Notification Deadline
UAE
JAFZA released ESR Notification Deadline
SAJITH NAIR on 16 June 2020
The Jebel Ali Free Zone Authority has issued communication to companies notifying them of the deadline for the submission of Economic Substance Regulations (ESR..
Ministry of Economy releases ESR Notification Form
UAE
Ministry of Economy releases ESR Notification Form
SAJITH NAIR on 01 June 2020
The Ministry of Economy, UAE has released the ESR notification form for the UAE Mainland Entities to submit their ESR Notification. Please refer the below link:..
 ICAI signs MoU with Kuwait Accountants and Auditors Association
Kuwait
ICAI signs MoU with Kuwait Accountants and Auditors Association
salma on 28 November 2019
The Institute of Chartered Accountants of India (ICAI) signed the Memorandum of Understanding (MoU) with the Kuwait Accountants and Auditors Association (KAAA) ..
TDRC Judgment reverses Applicable Penalties for Voluntary Tax Disclosures (UAE)
UAE
TDRC Judgment reverses Applicable Penalties for Voluntary Tax Disclosures (UAE)
tanvi on 23 October 2019
Taxpayers have a strong reason to rejoicebasis a recent Tax Disputes Resolution Committee (TDRC) judgment that has reversed retroactive penalties imposed at the..
Ministry of Finance issues further guidance on Country-by-Country Reporting (CbCR)
UAE
Ministry of Finance issues further guidance on Country-by-Country Reporting (CbCR)
sheeba khan on 21 October 2019
Further to the Cabinet Resolution No. 32 of 2019 (https://www.mof.gov.ae/ar/lawsAndPolitics/CabinetResolutions/Documents/CbCR%2BEnglish.pdf) concerning Country-..
Oman issues Royal Decrees for establishing Tax Authority
Oman
Oman issues Royal Decrees for establishing Tax Authority
Prerna Saraogi on 16 October 2019
His Majesty Sultan Qaboos bin Saidissued two Royal Decrees - Royal Decree No. 66/2019 andRoyal Decree No. 70/2019 on 14th October 2019, both relating to establi..
Outstanding GAZT Compliance Rates
KSA
Outstanding GAZT Compliance Rates
salma on 10 August 2019
A periodic estimate called Voluntary Compliance Rate(VCR) is done by the Internal Revenue Service(IRS) to get an estimate of timely and voluntary payment of tax..

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