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Stories that are tagged 'Kuwait'




IMF Praises Saudi Tax Reforms

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 39 hours ago | Monday, July 24, 2017

Saudi Arabia has received praise for the International Monetary Fund for recent and planned indirect tax reforms, to broaden the tax base away from oil, but said the timetable for introducing value-added tax could be challenging. Read Full Story

 

UAE To Exempt Residential Property From VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 17, 2017

The United Arab Emirates' Ministry of Finance has confirmed that residential property will be exempt from the Gulf Cooperation Council value-added tax when it comes into force in January 2018, but that a five percent rate will apply on sales or leases of commercial property. Read Full Story

 

Kuwait Signs OECD's Multilateral Tax Pact

by Ulrika Lomas, Tax-News.com, Brussels

Monday, May 8, 2017

Kuwait became the 110th jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters on May 5, 2017. Read Full Story

 

Qatari Cabinet Approves VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among Gulf Cooperation Council states. Read Full Story

 

Kuwait Central Bank Opposes Tax On Expat Remittances

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

The Governor of Kuwait's Central Bank has said he opposes calls to introduce a remittance tax in the country, saying that the measure would damage its economy and financial reputation. Read Full Story

 

Merkel Hopes EU Will Complete FTA With Gulf Nations

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 3, 2017

German Chancellor Angela Merkel held a number of meetings recently to push the conclusion of a free trade agreement with the Gulf Cooperation Council (GCC) nations – Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman. Read Full Story

 

Saudi Arabia Approves GCC 'Sin Tax'

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 18, 2017

Saudi Arabia's Shura Council has approved the introduction of the "selective tax," being rolled out across the Gulf Cooperation Council (GCC) member countries. Read Full Story

 

BEPS Inclusive Framework Meeting Held In Georgia

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 17, 2017

50 delegates from 14 countries gathered in Georgia on April 7, 2017, to participate in the second regional meeting for the Eastern Europe and Central Asia region under the OECD's new inclusive base erosion and profit shifting project framework. Read Full Story

 

Taiwan Explains VAT Refunds For Foreign Exhibitors

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 20, 2017

Taiwan's national tax authority has released guidance on VAT refunds for foreign exhibitors, following a number of questions received from overseas firms. Read Full Story

 

Saudi Cabinet Approves GCC Selective Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 22, 2017

Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries. Read Full Story

 

 

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