News

E -invoicing Guidelines issued by Saudi Arabia
KSA
E -invoicing Guidelines issued by Saudi Arabia
Posted on 14 December 2020
Saudi ArabiasGeneral Authority of Zakat and Tax (GAZT) has released an English version of the e-invoicing guidelines and FAQs. According to the regulations, ..
FTA launches App to to detect non-compliant tobacco products
UAE
FTA launches App to to detect non-compliant tobacco products
Posted 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..
UAE introduces smart Tax Domicile Certificate service
UAE
UAE introduces smart Tax Domicile Certificate service
Posted on 07 July 2020
The Ministry of Finance at the United Arab Emirates (UAE) has commenced a smart service platformavailable through its website (mof.gov.ae) or mobile application..
Taxpayers' guidance on Mutual Agreement Procedure issued in KSA
KSA
Taxpayers' guidance on Mutual Agreement Procedure issued in KSA
Posted on 18 June 2020
Thetax authority in Saudi Arabia has issued thetaxpayers guidance on Mutual Agreement Procedure (MAP)processthrough which taxpayers can request assistance from ..
UAE extends deadline for VAT filings to May 28
UAE
UAE extends deadline for VAT filings to May 28
Posted on 22 April 2020
The Federal Tax Authority (FTA) has issueda directive on providing an alternative date of May 28for submitting VAT returns and the payment of due tax for the ta..
The UAE Economic Substance Regulations Relevant Activities Guide issued by Ministry of Finance
UAE
The UAE Economic Substance Regulations Relevant Activities Guide issued by Ministry of Finance
Posted on 15 April 2020
Ministry of Finance (MoF) in UAE has issued The UAE Economic Substance Regulations Relevant Activities Guide . The UAE introduced Economic Substance Regulations..
UAE rules out VAT increase
UAE
UAE rules out VAT increase
Posted on 04 March 2020
The UAE has ruled out increase in Value Added Tax (VAT), in wake of recent International Monetary Fund(IMF) recommendations to do so. Source: https://gulfne..
Dubai Mall launches 'City Validation' VAT refund service for International Visitors
UAE
Dubai Mall launches 'City Validation' VAT refund service for International Visitors
Posted on 24 February 2020
The Dubai Mall in partnership with service provider Planet, has launched a VAT refund pilot for visitors to get their five percent back on purchases in the UAE...
FTA releases clarification P017 regarding time frame for recovering input tax
UAE
FTA releases clarification P017 regarding time frame for recovering input tax
Posted on 31 January 2020
UAEs FTA has released Public clarification P017 regarding time frame for recovering input tax Read full clarification here ..
Oman expected to implement VAT in 2021
Oman
Oman expected to implement VAT in 2021
Posted on 24 January 2020
Oman likely to impose Value Added Tax (VAT) from early next year as per Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry in Oman. Read more at ht..

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