News

ESR submission deadline extended until 31 Jan, 2021
UAE
ESR submission deadline extended until 31 Jan, 2021
Posted on 03 January 2021
UAEs Ministry of Finance (MoF) has extended ESR submission deadline until 31 January 2021 for filing of the notification and report. ..
Oman to introduce income-tax in 2022
Oman
Oman to introduce income-tax in 2022
Posted on 03 November 2020
Omans Finance Ministry aims to introducean income tax on high earners in 2022, to restore finances battered by low oil prices. None of the six Gulf Cooperation..
GAZT extends Tax Amnesty Period
GAZT extends Tax Amnesty Period
Posted 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..
Second version of Guidelines on Tax Ruling Request by GAZT
KSA
Second version of Guidelines on Tax Ruling Request by GAZT
Posted 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 ..
KSA announces increase in Customs Duty
KSA
KSA announces increase in Customs Duty
Posted on 01 June 2020
The Kingdom of Saudi Arabia has announced that it will raise customs duties ranging from 5% to 25% on import of wide range of goods as of 10 June 2020. These in..
UAE to maintain VAT at 5%
UAE
UAE to maintain VAT at 5%
Posted on 12 May 2020
UAEsfinance ministry has confirmed that there will be not VAT hike for now,with Saudi Arabia hiking its value-added tax (VAT) from July, from current 5% to 15%...
Registration and Refund Manual for Eligible Persons released by NBR
Bahrain
Registration and Refund Manual for Eligible Persons released by NBR
Posted on 01 May 2020
Bahrains National Bureau for Revenue (NBR) has released Registration and Refund Manual for Eligible Persons - International entities in Kingdom of Bahrain inclu..
VAT exemptions for schools in UAE
UAE
VAT exemptions for schools in UAE
Posted on 10 February 2020
The Federal Tax Authority (FTA) has launched the Basic Tax Information Bulletin as part of its campaign for 2020, as it seeks to continue raising awareness abou..
VAT Refunds for UAE Nationals Building New Residences in the UAE
UAE
VAT Refunds for UAE Nationals Building New Residences in the UAE
Posted on 03 February 2020
UAEs Federal Tax Authority has announced that requests from UAE nationals wishing to recover VAT incurred on the construction of their new residences are to be ..

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