Contribution by Ahmed

           Foreign Principal funds the Discount for the Local Supply
UAE
Foreign Principal funds the Discount for the Local Supply
Ahmed on 16 November 2020
In case where third party fund the discount which is provided to the customers for local supplies of goods, The discount funded amount can betreated as export i..
Bahrain issues VAT public clarification on VAT due date relating to loans
Bahrain
Bahrain issues VAT public clarification on VAT due date relating to loans
Ahmed on 02 September 2020
Bahrains National Bureau for Revenue (NBR) has issued apublic clarificationVAT/PC/20/2on the VAT due date for loans(including amounts advanced on credit cards) ..
VAT Retail and Wholesale Guide released by NBR
Bahrain
VAT Retail and Wholesale Guide released by NBR
Ahmed on 04 June 2020
The National Bureau for Revenue (NBR) in Bahrain has releasedVAT Retail and Wholesale Guidewhich sets out the general principles of Value Added Tax (VAT) in rel..
New deadlines for tax returns filing released by GAZT
KSA
New deadlines for tax returns filing released by GAZT
Ahmed on 25 March 2020
The General Authority for Zakat and Tax (GAZT) introduced a general extension of three months for filing tax returns and tax payments for registered taxpayers a..
KSA
"Zakat and income" calls for establishments subject to withholding tax to raise their tax returns before March 10
Ahmed on 05 March 2020
The General Authority of Zakat and Income called on all establishments subject to withholding tax to submit their tax returns via the GAZT.GOV.S website, before..
Zakat and income invites specialists and interested parties to express their opinions and observations on the draft Zakat collection system
KSA
Zakat and income invites specialists and interested parties to express their opinions and observations on the draft Zakat collection system
Ahmed on 05 March 2020
The General Authority of Zakat and Income invited all the specialists and concerned parties concerned to view and express their views and observations on the dr..
 VAT generates $663mln revenue in Bahrain in 2019
Bahrain
VAT generates $663mln revenue in Bahrain in 2019
Ahmed on 18 February 2020
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa revealed that Bahrain generated BD250 million from Value Added Tax (VAT) in 2019 up ..
IMF issues economic warning to GCC economies
GCC
IMF issues economic warning to GCC economies
Ahmed on 17 February 2020
International Monetary Fund (IMF) has issued a warning toGulf states that their financial wealth could deplete in the next 15 years due to falling oil revenues ..
 Tourists can reclaim VAT using self-service kiosks
UAE
Tourists can reclaim VAT using self-service kiosks
Ahmed on 12 February 2020
Tourists can now reclaim their taxes on shopping from the Self-Service Kiosks which will be set up at major shopping malls and hotels across the country. The..
FOC services as Deemed Supply
UAE
FOC services as Deemed Supply
Ahmed on 07 January 2020
We are a consulting company providing audit and tax advisory services to clients in UAE. Sometimes, as part of entry strategy for winning a client, we offer cer..

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