Other Briefings
Oman’s Top-Up Tax for Multinational Enterprises: An Explainer
Oman’s Top-Up Tax Law, effective from January 1, 2025, mandates multinational enterprises (MNEs) to ensure a minimum 15 percent tax rate, with compliance steps including impact assessments, financial disclosures, and aligning with GloBE rules. MNEs must prepare for interim and year-end reporting, transfer pricing reviews, and ensure proper registration and filings. By Giulia Interesse On […]
Major Changes in UAE VAT Regulations: Key Takeaways
The UAE FTA has amended VAT regulations, impacting financial services, real estate, exports, and input VAT recovery.
Tax Regulations for Businesses and Expats in Qatar
Qatar’s tax system promotes investment with low corporate tax rates and incentives for foreign businesses. This article explores Qatar’s key tax regulations, including corporate income tax, capital gains, and the latest compliance initiatives aimed at encouraging business growth.
Türkiye’s Tax Reduction Initiative: Compliance Requirements and Investment Incentives
Türkiye’s five percent tax reduction for compliance incentivizes timely tax filings, with clear eligibility criteria and exemptions. Coupled with competitive tax rates and diverse investment incentives, these measures enhance Turkey’s appeal for businesses and investors.
UAE Top-Up Tax for Multinational Enterprises: An Explainer
The UAE is implementing the Global Minimum Tax (GMT) under the OECD’s BEPS framework, including a 15 percent Domestic Minimum Top-Up Tax (DMTT).
Tax Considerations for Individuals and Investors Based in Saudi Arabia
Key taxes applicable to individuals in Saudi Arabia include VAT, social insurance contributions, and Zakat, while various wealth management structures, including trusts and investment companies, offer tax advantages.
New UAE E-Invoicing Framework: Public Consultation till Feb. 27
The UAE Ministry of Finance has launched a consultation process on its proposed e-invoicing framework, inviting stakeholders to provide feedback by February 27, 2025.
Corporate Tax in Kuwait: New 15% Tax Law to Impact 350 Foreign Firms
Kuwait’s new 15 percent corporate tax law is in effect from tax periods beginning on or after January 1, 2025. Read to understand how multinational entities operating in the country will be impacted.
Bahrain Publishes Supplementary Regulations for Domestic Minimum Top-Up Tax (DMTT)
Bahrain has officially released a Domestic Minimum Top-Up Tax (DMTT) regulation, complementing its primary DMTT law released in September 2024. With the registration deadline (January 30, 2025) looming, swift action is necessary to avoid penalties.
An Introduction to Doing Business in the UAE 2025 – New Publication Out Now
An Introduction to Doing Business in the UAE 2025 is your definitive resource for understanding and succeeding in one of the world’s most vibrant business environments.
