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Ministry of Economy releases ESR Notification Form
UAE
Ministry of Economy releases ESR Notification Form
Posted on 01 June 2020
The Ministry of Economy, UAE has released the ESR notification form for the UAE Mainland Entities to submit their ESR Notification. Please refer the below link:..
 ICAI signs MoU with Kuwait Accountants and Auditors Association
Kuwait
ICAI signs MoU with Kuwait Accountants and Auditors Association
Posted on 28 November 2019
The Institute of Chartered Accountants of India (ICAI) signed the Memorandum of Understanding (MoU) with the Kuwait Accountants and Auditors Association (KAAA) ..
TDRC Judgment reverses Applicable Penalties for Voluntary Tax Disclosures (UAE)
UAE
TDRC Judgment reverses Applicable Penalties for Voluntary Tax Disclosures (UAE)
Posted on 23 October 2019
Taxpayers have a strong reason to rejoicebasis a recent Tax Disputes Resolution Committee (TDRC) judgment that has reversed retroactive penalties imposed at the..
Ministry of Finance issues further guidance on Country-by-Country Reporting (CbCR)
UAE
Ministry of Finance issues further guidance on Country-by-Country Reporting (CbCR)
Posted on 21 October 2019
Further to the Cabinet Resolution No. 32 of 2019 (https://www.mof.gov.ae/ar/lawsAndPolitics/CabinetResolutions/Documents/CbCR%2BEnglish.pdf) concerning Country-..
Oman issues Royal Decrees for establishing Tax Authority
Oman
Oman issues Royal Decrees for establishing Tax Authority
Posted on 16 October 2019
His Majesty Sultan Qaboos bin Saidissued two Royal Decrees - Royal Decree No. 66/2019 andRoyal Decree No. 70/2019 on 14th October 2019, both relating to establi..
Outstanding GAZT Compliance Rates
KSA
Outstanding GAZT Compliance Rates
Posted on 10 August 2019
A periodic estimate called Voluntary Compliance Rate(VCR) is done by the Internal Revenue Service(IRS) to get an estimate of timely and voluntary payment of tax..

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