#tax

UAE Federal Tax Authority to launch new integrated platform ‘EmaraTax’

UAE Federal Tax Authority to launch new integrated platform ‘EmaraTax’

EmaraTax will enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds

technology

Insights: Advancing the role of tax authorities through technology

Tax authorities are aggressively adopting artificial intelligence to generate and preserve taxpayer data

Federal Tax Authority

UAE Federal Tax Authority conducts 9,948 inspection visits in H1 2022

Inspections conducted in the first half of 2022 increased by 104 per cent compared to 4,878 conducted in 2021

Getty Images

Oman posts $545m budget surplus on higher oil prices, tax

Oman has implemented a series of reforms to bridge the budget gap and lower its debt, including the introduction of a 5 per cent value-added tax last year

UAE

UAE business tax will help support smaller emirates’ economies, S&P says

The country plans to levy a 9 per cent corporate tax from June 2023

The UAE is set to levy corporate tax: Here’s what analysts say

The country plans to introduce a 9 per cent federal tax on corporate earnings for the first time next year

UAE corporate tax

UAE to introduce federal corporate tax on business profits from 2023

The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000

Bahrain parliament approves decision to double VAT to 10%

The bill has now been sent to the Shura Council, the upper house of the National Assembly

Uber, Careem said to face $100m tax bill in Saudi

The claims are reportedly related to a dispute over how to calculate value-added 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

DGA

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