Tax regulatory updates and news in the Middle East
On 28th April 2022, the UAE issued a public consultation document on the upcoming corporate tax legislation. We have summarised the important considerations in our alert. Click here to learn more.
On 28 February 2022, the United Arab Emirates approved the tax treaty with the Democratic Republic of the Congo. Learn more here.
The Chilean parliament ratified the tax treaty with India, the Netherlands and the UAE. Learn more here.
The Federal Tax Authority of the UAE will introduce corporate tax for companies starting on or after 1 June 2023. Click here to learn more.
On 8 December 2021, Bahrain’s National Assembly has approved the bill for an increase in the standard VAT rate. Learn more here.
Morocco’s Minister of Economy and Finance, Nadia Fettah, presented the Finance Bill for 2022. Click here to learn more about the fiscal measures!
In a communique published on 30 June 2021, the Mauritius Financial Services Commission (FSC) announced that they had recently signed a Memorandum of Understanding (the Memorandum) with the Qatar Financial Centre Regulatory Authority.
In Resolution No. 28 of 2021 published on 4 February 2021, Bahrain’s Ministry of Industry, Commerce and Tourism established Country-by-Country (Cbc) reporting standards. Click here for more info.
On the 28 January 2021, Bahrain ratified and published the income tax treaty signed with Switzerland and the Multilateral Competent Authority Agreement on exchange of Country-by-Country Reports.
In a press release dated 31st December 2020, The United Arab Emirates Ministry of Finance (MoF) announced that the deadline for submitting Economic Substance Regulations (ESR) notifications and reports has been extended to no later than the 31st January 2021.
Luxury Goods buyers in crosshairs of South African Tax Agency September 8, 2022
Zimbabwe: Tax Measures in 2022 Finance Bill and 2022 Budget December 21, 2021
Zambia presents the Budget for 2022 November 3, 2021
Kenya – New Rates For 2021 January 12, 2021
Filing Deadlines of Financial Statements and Returns Further Extended July 1, 2021
