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Saudi authority urges VAT registration by Dec 20Saudi Arabia’s General Authority of Zakat and Tax has renewed its call for businesses whose annual revenues exceed SR375,000 ($99,900) to register for VAT before December 20. In June 2016, the GCC countries agreed to impose More… |
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Dubai Islamic Bank donates $4m to Sharjah charityDubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has donated Dh15 million ($4.08 million) of Zakat money to Sharjah Charity International, said a report. Abdul Razzaq Al Abdullah, head of Community Services Departmen More… |
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Saudi businesses urged to register for VATSaudi Arabia’s General Authority of Zakat and Tax (GAZT) has urged businesses with annual revenues over SR1 million ($266,300) to expedite their VAT registration process and ensure their readiness for its implementation. The More… |
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Saudi Arabia to impose 5pc VAT on fuelSaudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying. The confirmation was stated in a reply More… |
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Saudi Arabia to impose 5pc VAT on fuelSaudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying. The confirmation was stated in a reply More… |
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KPMG to host Zakat, VAT workshops in Saudi ArabiaKPMG in Saudi Arabia is organising a series of workshops presenting the latest updates on Zakat, Tax and Value-Added Tax (VAT) and their impact on the business sector amid changing financial landscape in Saudi Arabia. More… |
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GCC firms 'must weigh VAT impact now’With the possible introduction of VAT by 2018 in GCC region, it is a critical time for organizations across the region to take into account the impacts and other changes that will accompany this introduction, an industry expert said. More… |
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Zain Saudi to appeal $165m zakat, tax orderZain Saudi will appeal an order from Saudi Arabia's Department of Zakat and Income Tax for extra payments worth SR619 million ($165.1 million) for the years 2009-2011, the kingdom's number three telecommunications operator said. More… |
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E&Y seminar probes Saudi Zakat regulationsNew Zakat regulations currently being implemented by Saudi Shura Council's new committee were the subject of Ernst & Young (EY) annual tax seminars in Jeddah, Riyadh, Al Khobar and Bahrain. "EY remains committed to co More… |
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Deloitte hosts zakat, double tax seminarsDeloitte, a leading firm providing audit, tax and financial advisory services in the region, hosted its annual seminars in key cities across Saudi Arabia focusing on the recent developments in the kingdom's tax and zakat laws and practices. More… |
