Contribution by Banan

ZATCA publishes the english version of the tax amnesty guideline
KSA
ZATCA publishes the english version of the tax amnesty guideline
Banan on 27 June 2022
The KSA Zakat, Tax, and Customs Authority (ZATCA) has published the English version of its guideline on the amnesty for tax penalties announced earlier this mon..
FTA publishes VAT public clarification on gold-making charges
UAE
FTA publishes VAT public clarification on gold-making charges
Banan on 27 June 2022
The UAEs Federal Tax Authority (FTA) has published a Value Added Tax (VAT) Public Clarification (VATP029) on the consideration received by gold jewelers for mak..
Ajman free zone witnesses a 33% rise in corporate tax firms
UAE
Ajman free zone witnesses a 33% rise in corporate tax firms
Banan on 27 June 2022
The growth symbolizes the increasing confidence of the business community in the free zone in a post-pandemic future. Given the UAE governments decision to i..
EXTP007 -  Excise Goods which are deficient or missing and the process for the destruction of Excise Goods within a Designated Zone
UAE
EXTP007 - Excise Goods which are deficient or missing and the process for the destruction of Excise Goods within a Designated Zone
Banan on 27 June 2022
EXTP007 - Excise Goods which are deficient or missing and the process for the destruction of Excise Goods within a Designated Zone ..
Taxpayer Manual Guide for Real Estate Sector - August 2021
Oman
Taxpayer Manual Guide for Real Estate Sector - August 2021
Banan on 27 June 2022
Taxpayer Manual Guide for Real Estate Sector - August 2021 ..
Introduction Of Corporate Tax By UAE
UAE
Introduction Of Corporate Tax By UAE
Banan on 06 May 2022
On 31 January 2022, the Ministry of Finance announced that the United Arab Emirates (UAE) will introduce a federal Corporate Tax on Business profits effective f..
Oman Is On The Cusp Of Taking The Historical Decision To Introduce Personal Income Tax
Oman Is On The Cusp Of Taking The Historical Decision To Introduce Personal Income Tax
Banan on 28 April 2022
With the world waking up to the damage done to the global economy by tax havens, there is mounting pressure on the gulf nations to change and rationalize their ..
Extensive technical guidelines for a global minimum tax of 15%
Extensive technical guidelines for a global minimum tax of 15%
Banan on 23 March 2022
The OECD/G20 Inclusive Framework on BEPS announced new technical guidelines today on the 15% global minimum tax, which was agreed in October 2021 as astrategy t..
UAE's steps to strengthen anti-money laundering
UAE
UAE's steps to strengthen anti-money laundering
Banan on 07 March 2022
UAE has made a noticeable progress in improving anti-money laundering The UAE has shown its firm obligation to work intimately with FATF to address remaining..
MAWANI Issues Agency License to Orient Overseas Cargo Line Co.
Others
MAWANI Issues Agency License to Orient Overseas Cargo Line Co.
Banan on 22 February 2022
Hong Kong-based container transport shipping and logistics giant Orient Overseas Cargo Line Co. (OOCL) was issued shipping rights for pursuing activities and co..

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