Posted on 13 October 2020
On Monday 12 October 2020, His Majesty, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree No.121/2020 in relation to implementation o..
Posted 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..
Posted on 25 July 2020
Oman is on the verge of becoming the 4th Gulf Cooperation Council member to adopt the Value Added Tax (VAT) system. The Omans Majlis Ashshura Council on 21st Ju..
Posted 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..
Posted on 06 July 2020
The General Authority for Zakat and Tax (GAZT) in Saudi Arabia has stated the governments intention to pay on behalf of its citizens Value Added Tax (VAT) dues ..
Posted on 04 July 2020
The Oman tax authority has announced that the Sultanate will impose 50% tax on sweetened beverages in October of this year. Sultan Al-Habsi, Chairman of the Tax..
Posted on 27 June 2020
Bahrains National Bureau for Revenue (NBR) has issued details on the VAT treatment of obsolete stock in the technical FAQs on their website, along with the Obso..
Posted on 02 June 2020
UAEsFederal Tax Authority (FTA) has asserted that its recent decision to postpone the final step of phase two of the Marking Tobacco and Tobacco Products Scheme..
Posted on 24 March 2020
The Federal Tax Authority (FTA) has published an updated version of the list of Value Added Tax (VAT) Designated Zonesby renaming two Designated Zonesas follows..
Posted on 25 February 2020
Sheikh Mohammed on Sunday issued Law No. (3) of 2020 on the Dubai Multi Commodities Centre (DMCC).
The new Law outlines the organisational structure of D..
