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In a move thought to be intended to boost state-owned oil company Aramco ahead of an Initial Public Offering, Saudi Arabia announced tax cuts for oil and hydrocarbon producers on March 27. Read Full Story
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 Arabia is hoping to lure Japanese firms to invest in the country with tax breaks to be offered in new free trade zones. Read Full Story
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
Qatar is planning to introduce a sin tax on luxury items and products that are "harmful to human health and the environment," in line with the unified agreement among Gulf Cooperation Council member states. Read Full Story
Saudi Arabia has said it will not introduce a six percent tax on expatriate remittances. Read Full Story
Saudi Arabia has announced plans to balance its budget by 2020. Read Full Story
Oman is the latest Gulf Cooperation Council territory to confirm its participation in the bloc's value-added tax project. Read Full Story
The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes celebrated the end of the first phase of reviews of all countries at its annual meeting on November 2-4. Read Full Story
The International Monetary Fund has released a new report for countries in the Middle East and North Africa, noting that low growth rates and oil prices should encourage these territories to continue efforts to broaden their tax bases, including by introducing value-added taxes. Read Full Story
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