#tax

Israel and UAE sign tax treaty in latest normalisation step

The treaty is subject to approval by Israel’s parliament and cabinet

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Oman foreign minister

Oman plans more labour reforms and new taxes – foreign minister

The country also has plans to extend visa-free arrival for up to 30 days for citizens of more than 100 countries

Abu-Dhabi

UAE to establish new court to combat money laundering and tax crimes

The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion

Saudi VAT increase: What are the long-term implications?

The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July

Saudi Arabia Riyadh

Saudi Arabia scraps VAT for property deals

However, a new tax of 5 per cent – the Real Estate Transaction Tax – will be levied on property deals in place of the VAT

Revamping tax regimes in the digital economy

A consensus seems to be developing that tax regimes need to adopt a global approach to confront challenges posed by technological advances

What will be the impact of Saudi’s VAT hike on businesses and consumers?

The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1

No plans to hike VAT in the UAE – ministry

The UAE government levied a 5 per cent VAT on goods and services in January 2018

Saudi Arabia triples VAT, cuts cost of living allowances

The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total