Naseer on 28 September 2020
Omans Tax Authority has announced implementation of Excise Tax on sweetened drinks witheffectfrom 1st October 2020. According to Article 15 of Excise Tax Law, a..
Sheeba Khan on 23 September 2020
Saudi Arabias GAZT (General Authority of Zakat and Tax) has issued aTax Circularwhich discusses the criteria for determining whether a transfer of real estate q..
Tanvi on 15 September 2020
Royal decree, No. 118/2020, has been issued in Oman which amends few provisions of the Income Tax Law.
Article (1) states that the amendments attached in thi..
Mohamed on 14 September 2020
To combat tax evasion and trade in inferior products counterfeit goods, UAEsFederal Tax Authority (FTA) has launched a smart application called FTA DTA, that c..
Mehreen on 11 August 2020
The General Authority for Zakat and Income (GAZT) in Saudi Arabia has extended the tax amnesty period until 30th September 2020 in order to reduce the repercuss..
Ali on 25 July 2020
In an interview with Bloomberg, Mohammed Al Jadaan, the Finance Minister of Saudi Arabia had said that the Kingdom did not rule out the possibility of Income Ta..
Mehreen on 16 July 2020
The General Authority for Tax and Zakat (GAZT), KSAs tax authority has issuedGuidelines on Tax Ruling Request.These were a second edition to the guidelines and ..
Tanvi on 14 July 2020
The UAE Cabinet decision no. (40M/4W) of 2020 has replaced the previous decision on Country by Country (CbC) reporting no. 32 of 2019. The CbC reporting is a pa..
Ali on 13 July 2020
7thof July, 2020 marked the day an Instrument of Ratification to the MLI was submitted by Oman with the OECD.
Oman became the 92ndjurisdiction to sign the Mu..
Prerna Saraogi on 08 July 2020
General Authority for Zakat and Tax (GAZT) updated its website this week with a new form for registering contracts. As per the guidelines issued along with the ..
