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Zakat, Tax and Customs reclassifies field violations of VAT
KSA
Zakat, Tax and Customs reclassifies field violations of VAT
Posted on 22 February 2022
Zakat, Tax and Customs authority announced the reclassification of VAT violations and penalties related to field violations from taxpayers failure to comply wit..
Corporate Tax in UAE: 5 Major Developments
Corporate Tax in UAE: 5 Major Developments
Posted on 01 February 2022
As we all know by this time that UAE will introduce a federal corporate tax on business profits effective for financial years starting on or after 01st June 202..
The New Global Tax Deal and its Effects
UAE
The New Global Tax Deal and its Effects
Posted on 20 October 2021
The Organization for Economic Co-operation and Development (OECD) and UAE plans to introduce more taxes with the new global tax deal. After all major countri..
Exemption for tax law violation penalties recognized by the tax authority
UAE
Exemption for tax law violation penalties recognized by the tax authority
Posted on 31 May 2021
It has been announced by UAEsFederal Tax Authority (FTA) that there would be a reduction or exception of tax penalties that have been imposed on the violation o..
A fine of Dh4,50,000 issued for violations
UAE
A fine of Dh4,50,000 issued for violations
Posted on 26 May 2021
The Ministry of Economy has conducted an inspection campaign to target establishments that belonged to the Designated Non-Financial Businesses and Professions (..
Landmark judgement against Federal Tax Authority's penalty order won by Dubai Refreshments
UAE
Landmark judgement against Federal Tax Authority's penalty order won by Dubai Refreshments
Posted on 19 March 2021
Since the introduction of VAT in UAE, there have been some challenges relating to the interpretation and application of the applicable VAT laws and penalties. R..
Saudi Arabia's First Special Economic Zone -ILBZ's Main Regulations
KSA
Saudi Arabia's First Special Economic Zone -ILBZ's Main Regulations
Posted on 19 March 2021
ILBZ Saudi Arabias first integrated logistics zone in Riyadh is recently launched by GACA as the inaugural project in a series of planned special logistics zon..
Goods worth Dh192 million seized by UAE over tax violations
UAE
Goods worth Dh192 million seized by UAE over tax violations
Posted on 05 March 2021
As per the report by UAEs Federal Tax Authority (FTA), Dh 191.83 million worth of goods were seized last year due to violations of the local tax regulations. Th..
English version of Electronic Invoicing (e-invoicing) Regulations published by KSA's General Authority of Zakat and Tax (GAZT)
KSA
English version of Electronic Invoicing (e-invoicing) Regulations published by KSA's General Authority of Zakat and Tax (GAZT)
Posted on 25 February 2021
TheGeneral Authority of Zakat and Tax(GAZT) has published Electronic Invoicing regulations on 4thDecember 2020. The English version of the regulation is recentl..
Economic Substance Regulations FAQ’s updated by UAE's Ministry of Finance
UAE
Economic Substance Regulations FAQ’s updated by UAE's Ministry of Finance
Posted on 04 February 2021
UAEs Ministry of Finance has recently updated FAQs on Economic Substance Regulations. Additional questions have been updated in the Economic Substance FAQs w..

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