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Kuwait imposes 15% tax on multinational firmsThe Kuwaiti Cabinet has endorsed a draft resolution on issuing a law imposing a 15 per cent tax on multinational entities, which have business in more than one country or a state. The endorsement was given duri More… |
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EY seminar discusses evolving tax landscape in Saudi ArabiaEY, a leading consulting, assurance and tax services provider, hosted a key seminar in major cities across Saudi Arabia - capital Riyadh, Jeddah and Al Khobar - with the aim of guiding Saudi businesses in navigating the Kingdom’s evolvin More… |
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EY seminar discusses evolving tax landscape in Saudi ArabiaEY, a leading consulting, assurance and tax services provider, hosted a key seminar in major cities across Saudi Arabia - capital Riyadh, Jeddah and Al Khobar - with the aim of guiding Saudi businesses in navigating the Kingdom’s evolvin More… |
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Bahrain imposes new tax on big multinational firmsBahrain has announced the introduction of a domestic minimum top-up tax (DMTT) for multinational enterprises (MNEs) as outlined in Decree Law (11) of 2024. This Decree Law will apply exclusively to large MNEs o More… |
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Bahrain imposes new tax on big multinational firmsBahrain has announced the introduction of a domestic minimum top-up tax (DMTT) for multinational enterprises (MNEs) as outlined in Decree Law (11) of 2024. This Decree Law will apply exclusively to large MNEs o More… |
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FTA sees 103,500 participants attend 260 events in H1 2024The UAE's Federal Tax Authority (FTA) revealed that more than 103,500 participants have attended the 260 in-person and virtual awareness events it had organised in 2023 and the first half of 2024 (H1 2024), a report said. The author More… |
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FTA sees 103,500 participants attend 260 events in H1 2024The UAE's Federal Tax Authority (FTA) revealed that more than 103,500 participants have attended the 260 in-person and virtual awareness events it had organised in 2023 and the first half of 2024 (H1 2024), a report said. The author More… |
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ADCB H1 profit up 28pc; operating income hits $2.5bnAbu Dhabi Commercial Bank (ADCB) has registered solid growth for the first half of the year with its net profit before tax surging 28% year-on-year to hit AED5.023 billion ($1.36 billion), while its operating income rose to AED9.3 billion ($2. More… |
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Deloitte Middle East rolls out AI tool to enhance tax solutionsDeloitte Middle East has announced the rollout of Genie, a pioneering generative AI tool specifically developed in-house, is poised to elevate the team’s capabilities, and redefine the delivery of strategic tax and legal solutions. More… |
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Dubai to impose new 20% tax on foreign banksForeign banks operating Dubai will be now subject to a 20% tax on their annual taxable income, according to a new law issued in his capacity as the Ruler of Dubai by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime More… |
