News

Landmark judgement against Federal Tax Authority's penalty order won by Dubai Refreshments
UAE
Landmark judgement against Federal Tax Authority's penalty order won by Dubai Refreshments
Posted on 19 March 2021
Since the introduction of VAT in UAE, there have been some challenges relating to the interpretation and application of the applicable VAT laws and penalties. R..
Saudi Arabia's First Special Economic Zone -ILBZ's Main Regulations
KSA
Saudi Arabia's First Special Economic Zone -ILBZ's Main Regulations
Posted on 19 March 2021
ILBZ Saudi Arabias first integrated logistics zone in Riyadh is recently launched by GACA as the inaugural project in a series of planned special logistics zon..
Goods worth Dh192 million seized by UAE over tax violations
UAE
Goods worth Dh192 million seized by UAE over tax violations
Posted on 05 March 2021
As per the report by UAEs Federal Tax Authority (FTA), Dh 191.83 million worth of goods were seized last year due to violations of the local tax regulations. Th..
English version of Electronic Invoicing (e-invoicing) Regulations published by KSA's General Authority of Zakat and Tax (GAZT)
KSA
English version of Electronic Invoicing (e-invoicing) Regulations published by KSA's General Authority of Zakat and Tax (GAZT)
Posted on 25 February 2021
TheGeneral Authority of Zakat and Tax(GAZT) has published Electronic Invoicing regulations on 4thDecember 2020. The English version of the regulation is recentl..
Economic Substance Regulations FAQ’s updated by UAE's Ministry of Finance
UAE
Economic Substance Regulations FAQ’s updated by UAE's Ministry of Finance
Posted on 04 February 2021
UAEs Ministry of Finance has recently updated FAQs on Economic Substance Regulations. Additional questions have been updated in the Economic Substance FAQs w..
Tax evasion crime unit established by the Attorney General in Bahrain
Bahrain
Tax evasion crime unit established by the Attorney General in Bahrain
Posted on 03 February 2021
Recently a Tax evasion crime unit is established by the Attorney general in Bahrain. The new unit set up is in affiliation with the Financial Crimes and Money L..
Four years on: Tax authorities should engage with businesses and their supply chains, says ACCA
UAE
Four years on: Tax authorities should engage with businesses and their supply chains, says ACCA
Posted on 25 January 2021
In 2017, the Gulf Cooperation Council (GCC) countries agreed and announced the first ever Value Added Tax (VAT) framework to allow member nations to develop leg..
Oman Tax Authority releases VAT Registration Guide
Oman
Oman Tax Authority releases VAT Registration Guide
Posted on 18 January 2021
Oman Tax Authority has released aVAT Registration Guideexplaining the registration requirements for business and individuals. It explains who is liable to regis..
Chairman's Decision Determining Food Items subject to Value Added Tax at Zero Rate released by Oman Tax Authority
Oman
Chairman's Decision Determining Food Items subject to Value Added Tax at Zero Rate released by Oman Tax Authority
Posted on 18 January 2021
Oman Tax Authority has released a list of basic food itemssubject to Value Added Tax at Zero Ratein English. The list can be viewed byclicking here ..
Chairman’s Decision Determining the VAT Registration due Dates and Effective Dates released by Oman Tax Authority
Oman
Chairman’s Decision Determining the VAT Registration due Dates and Effective Dates released by Oman Tax Authority
Posted on 18 January 2021
Omans Tax Authority has releasedChairmans Decision Determining the VAT Registration due Dates and Effective Dates.For more details, please refer to the decision..

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