Taxation
UAE Corporate Tax: Businesses Must Register July 31 Or Face $2,723 Penalty
Middle East Business News - Published date: .
The initiative applies to Corporate Taxpayers and certain exempt persons who are required to register with the FTA in t... Read more
UAE Announces New Tax Benefits For Fair Value Investment Properties
Middle East Business News - Published date: .
UAE taxpayers who elect for the realisation basis can now deduct depreciation from their taxable income for investment ... Read more
Saudi Arabia Extends Cancellation Of Fines And Exemption Of Penalties By 6 Months
Middle East Business News - Published date: .
Minister of Finance approves the extension to taxpayers under all Saudi tax laws, starting July 1 this year until 31 De... Read more
Personal Income Tax Comes Into Effect In Oman From January 1, 2028
Middle East Business News - Published date: .
Only 1% of population in the tax net as the first personal IT law imposes 5% tax on those with income above $109,230, a... Read more
UAE Tax Authority Launches New Moáther Package To Support Influencer Tax Compliance
Middle East Business News - Published date: .
FTA aims to support business sectors by providing them with tools for self-compliance with UAE tax legislation Read more
Capital Haus Expands UAE Presence With Strategic Wealth Management Acquisition
Middle East Business News - Published date: .
The move strengthens Capital Haus’s position in the private wealth sector, bringing an additional $150 million in fun... Read more
FTA Urges Registrants To Take Advantage Of Grace Period And Update Records
Middle East Business News - Published date: .
Administrative penalties will be imposed once the grace period announced by the UAE cabinet ends on 31 March 2025 Read more
Side Hustles In Dubai; UAE Petrol Prices; Saudi Job Localisation; Habtoor Cancels Lebanon Investments – 10 Things You Missed This Week
Middle East Business News - Published date: .
UAE petrol prices, Dubai real estate analysis, Saudi job updates, how to get a side hustle and more top stories this we... Read more
UAE Corporate Tax: FTA Sets March Deadline For Registration Of Natural Persons
Middle East Business News - Published date: .
According to the FTA, a natural person is defined as a living individual of any age, residing in the UAE or elsewhere Read more
Kuwait Begins 2025 With A 15% Tax On MNCs In Economic Diversification Bid
Middle East Business News - Published date: .
The new tax is part of the country’s broader effort to promote economic development and ensure financial sustainabili... Read more
Kuwaits New 15% Tax On MNEs To Strengthen National Economy, Minister Says
Middle East Business News - Published date: .
Kuwait's economy is approaching a new phase of diversification and competitiveness, Fassam said Read more
UAE Corporate Tax: FTA Urges Businesses To Register Before December 31 Deadline To Avoid Penalties
Middle East Business News - Published date: .
The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to regi... Read more
UAE Ministry Of Finance Makes Major Amendments To Ministerial Decisions
Middle East Business News - Published date: .
Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance ... Read more
UAE Salaries To Fall; Corporate Tax Changes; Top Dubai Real Estate Areas; Drone Deliveries Launched – 10 Things You Missed This Week
Middle East Business News - Published date: .
UAE and Saudi salary updates, Dubai real estate analysis, Corporate Tax changes, major health insurance update and more... Read more
UAE Corporate Tax Hike To Fuel Influx Of Multinational Companies Flocking To Freezones
Middle East Business News - Published date: .
A Domestic Minimum Top-up Tax (DMTT) will take effect in the UAE for financial years beginning on or after 1 January 20... Read more
Kuwait Sets 2025 Start For 15% Corporate Tax In Major Fiscal Overhaul
Middle East Business News - Published date: .
The reform comes as Kuwait seeks to diversify its revenue streams beyond oil income, following similar moves by other G... Read more
UAE Announces Changes To Tax Compliance Requirements For Unincorporated Partnerships
Middle East Business News - Published date: .
The announcement was made by the UAE's Ministry of Finance on Monday Read more
Oman Set To Introduce 50% Tax On Sweetened Drinks
Middle East Business News - Published date: .
Oman will introduce a 50% levy on sweetened drinks from October 1 next. Read more
UAE's FTA Extends Deadline For VAT Filings, Payments
Middle East Business News - Published date: .
The move is valid for the tax period ending March 31 Read more
VAT Implementation In KSA And UAE: A Firsthand Impression
Middle East Business News - Published date: .
Some businesses are yet to fully understand the proper application of VAT on goods and service, writes Nidal Abou Zaki, ... Read more