Tax & Accounting

Choosing Between Keeping UAE Company Dormant or Close It

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Maintaining a dormant company in the UAE offers flexibility with ongoing compliance, while full closure provides finality but involves higher upfront costs and procedural complexity.

Saudi Arabia’s VAT Refund for Tourists and GCC Nationals: Full Guide for Retailers, Investors, and International Shoppers

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Saudi Arabia’s new VAT refund scheme for tourists and GCC nationals, allowing eligible shoppers to reclaim 15% VAT on purchases over SAR 500 (US$133).

Kuwait Introduces Minimum Top-Up Tax for Multinational Enterprises

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Kuwait introduced a 15 percent Domestic Minimum Top-Up Tax for large multinational groups starting 2025, aligning with OECD BEPS Pillar Two.

A to Z of Business and Corporate Tax in Qatar

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Qatar corporate tax requires businesses to register on the Dhareeba portal, file annual tax returns, and submit financial statements.

UAE Corporate Tax Filing 2025: Key Compliance Steps for Audit and Transfer Pricing Readiness

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UAE businesses must complete audits, transfer pricing adjustments, and disclosures by September 30, 2025, to ensure Corporate Tax compliance.

UAE Offers Corporate Tax Fine Waiver: Relief Measures Explained

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The UAE Federal Tax Authority has announced a conditional waiver of AED 10,000 for late corporate tax registration.

Egypt Introduces Targeted VAT Amendments to Broaden Tax Base

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Egypt has enacted targeted VAT amendments, expanding the tax base in construction, real estate, energy, tobacco and alcohol, while preserving exemptions for essentials and promoting digital invoicing to boost equity and compliance.

Oman’s Personal Income Tax Begins in 2028, Signaling Major Fiscal Shift

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Oman’s personal income tax, beginning in 2028, will make it the first GCC country to implement such a measure.

Qatar and Kuwait Sign Tax Agreement to Boost Economic Ties

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Qatar and Kuwait new tax agreement eliminates double taxation and strengthens financial cooperation, boosting bilateral trade and investment.

Saudi Arabia New Sukuk Issuance and Buyback Worth US$32 Billion

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Saudi Arabia issues US$16 billion in sukuk across five tranches, reflecting the growing depth of its Shariah-compliant bond market.

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