Saudi King Salman, Tillerson discuss regional developments in Riyadh

:: US Secretary of State Rex Tillerson met with Saudi Arabia’s King Salman in the Yamama Palace on Sunday and discussed recent regional developments, bilateral relations and means of cooperation between the More »

Russian president: King Salman’s visit to Moscow a great honor

:: Russian President Vladimir Putin said that Saudi King Salman’s visit to Moscow was a great honor for Russia, and described it as a “historical event” because it was the first visit More »

Yemen PM: Iranian ship seized near the coast of Socotra

:: The Yemeni government announced on Saturday that it had seized an Iranian ship carrying 19 sailors off the coast of the Socotra archipelago, east of the country. “The Iranian ship was More »

Saudi’s Al-Falih says global oil market improving, stabilizing

:: The global oil market is improving and stabilizing, Saudi Oil Minister Khalid Al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Al-Falih praised More »

US Treasury Secretary to visit Middle East over Iran threats

:: US Secretary of Treasury Steven Mnuchin will be visiting the Middle East this week to discuss the Terrorist Financing Target Center (TFTC) partnership and other matters on Iran. Accompanying Mnuchin is More »

 

Category Archives: Taxation

Saudi Arabia: No VAT on housing rent and government services

:: The official Value Added Tax (VAT) twitter account said on Sunday that VAT will not be applicable on housing rents or governmental services in Saudi Arabia. Some of the governmental services not adherent to the VAT include passport and

Details emerge on when UAE expects to issue tax laws

:: United Arab Emirates expects to issue laws on value-added tax and excise tax in the third quarter of this year, and to issue regulations covering implementation of those laws in the fourth quarter, a senior UAE official said on

Expert: Implementation of VAT will help streamline UAE revenue streams

:: UAE President Shaikh Khalifa Bin Zayed Al Nahyan has issued the landmark Federal Law No. 7 of 2017 for Tax Procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and

5 key points of the new UAE tax procedures law

:: Companies in the United Arab Emirates will be required to keep accurate records of their businesses for a period of five years according to the Tax Procedures Law issued by President of the UAE, Sheikh Khalifa bin Zayed Al

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