Tax & Accounting

Saudi Arabia Releases Draft Real Estate Transaction Tax (RETT) Regulations

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Saudi Arabia introduced a new regulatory framework for real estate transactions with the publication of RETT draft regulations by ZATCA, clarifying the application of the 5 percent RETT, exemptions, compliance obligations, and enforcement mechanisms. 

UAE’s Corporate Tax Deadlines and Compliance for 2025

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Stay informed about the UAE’s corporate tax deadlines, compliance requirements, and potential penalties in 2025. Learn key steps to ensure timely registration and avoid fines.

Oman’s Top-Up Tax for Multinational Enterprises: An Explainer

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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

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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

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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

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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

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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

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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

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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

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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.

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