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Stories that are tagged 'Saudi Arabia'




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

 

Switzerland Exploring Options For Freer Trade

by Ulrika Lomas, Tax-news.com, Brussels

Thursday, July 6, 2017

Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country. Read Full Story

 

Saudi To Hike Taxes On Expat Workers

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 15, 2017

Saudi Arabia is to impose further taxes on expatriate employees from July 1. Read Full Story

 

Saudi Arabia Launches Consultation On VAT Law

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 2, 2017

Saudi Arabia's tax authority has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018. 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

 

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

 

Jordan To Impose Late Filing Penalty

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 10, 2017

Jordan said it will impose a fine of between JOD100 (USD141) and JOD500 for taxpayers who do not submit their 2016 tax returns by the April 30 deadline. Read Full Story

 

Saudi Arabia To Introduce Tax On Undeveloped Land

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 30, 2017

Saudi Arabia is planning to introduce a 2.5 percent tax on unused land in areas earmarked for development. Read Full Story

 

 

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