Non-Resident Indians (NRIs) in Bahrain foresee an influx of GCC investment in India in the coming years, with the debut budget of the new Indian government clarifying its stance on retrospective taxation.
Egypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil.
The tax applies to div
Egypt extended a 5 percent supplementary tax to include companies as well as wealthy individuals, drawing a mixed response from businesses on Monday as it seeks ways to boost flagging state revenues under a new president.
Egypt's interim president, Adly Mansour, on Thursday signed into law a temporary five per cent income tax increase on individuals earning more than 1 million Egyptian pounds ($139,900) a year, state news agency Mena said. The tax will appl
Egypt watered down a capital gains tax on stock market profits it announced last week, after the country's bourse recorded its biggest daily drop in almost a year on Sunday.
Egypt is keen to encourage investment but also wants
Egypt's government approved a 10 per cent capital gains tax on stock market profits, dividends and bonus shares, the country's Finance Minister Hany Dimian told Reuters in a phone interview on Thursday.
Countries must raise taxes on tobacco to encourage users to stop and prevent other people from becoming addicted to tobacco, the World Health Organisation has urged.
Based on 2012 data, WHO estimates that increasing tobacco taxes
Saudi Arabia’s Ministry of Transport is set to have talks with the UAE National Transport Authority about the country’s ‘negative plan’ to impose tax on all vehicles travelling into its territory, said a report.
Credit Suisse has become the largest bank in 20 years to plead guilty to a US criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said.
But the Swiss ban
Unhealthy diets pose a greater risk to global health than the increasingly regulated sale of tobacco and governments should move fast to tax harmful food products, a United Nations investigator said on Monday.
In a statement issue