A draft law on the exchange and protection of tax information was approved by the Cabinet yesterday.
It also approved Bahrain's accession to International Maritime Organisation conventions relating to safet
Tax authorities across the Mena region are implementing investment and taxpayer-friendly tax measures to promote a competitive, business-friendly environment to encourage tax compliance, according to specialists.
Anti-smoking campaigners urging a 100 per cent increase in duty on tobacco products in the GCC have been warned that the move would fuel illicit trade in the region.
It could lead to a growth in cigarette counterfeiting by gangs t
Bahrain cannot randomly introduce taxes without harming the competitive advantage it has over other regional countries, said Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa.
He said diversifying income was more important to
Important tax developments and emerging tax issues related the Mena region will be discussed at a key conference in Dubai next month.
Ernst & Young (EY) will host its Mena Tax Conference 2014 in Dubai on March 19.
There are no plans to impose any taxes on individuals in the UAE, Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, was quoted as saying.
“We are studying the issue of imposing new fees
A group of angry businessmen in Bahrain calling for an end to a mandatory tax on foreign workers has taken their demands to parliament.
They claimed thousands of small and medium-sized enterprises (SMEs) have still not recovered f
Oil trader Vitol could move its headquarters from Geneva if Switzerland increased taxes on big commodity traders, and others would do the same, said the company's managing director.
"We could - and we wouldn't be the
Trebling tobacco tax globally would cut smoking by a third and prevent 200 million premature deaths this century from lung cancer and other diseases, researchers said.
In a review in the New England Journal of Medicine, scientists
Leading advisory firm Ernst & Young hosted a conference in Houston, Texas to discuss the recent developments with regard to tax policy and foreign investments in the Mena region.
The 'Mena Tax Seminar' was attended by