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From Brexit plans to the US election, discover the latest tax changes around the globe in this week’s collection of five tax updates. 1)UK’s Chancellor announces VAT deduction for financial services. Rishi Sunak, the UK’s Chancellor of the Exchequer, has revealed plans for financial
The United Arab Emirates introduced a VAT system in 2018, placing a new wave of requirements on businesses based in or trading with the country. From Designated Zones to pre-payments and different taxes for each of the UAE’s seven emirates, there is plenty to get
This week’s collection of tax updates is focused on several countries from across the globe: UK, France, Bahrain, Saudi Arabia, Thailand and Australia. Take a closer look at the details collated for you here in our latest round-up of global tax news. 1) UK –
Update – 18th October 2020 The Official Gazette of Oman has published the country’s VAT Law, confirming VAT will come into effect on 16th April 2021. It included 106 articles across 13 chapters and covered regulations on everything from registration to zero-rated and exempt supplies,
Based in or trading with Oman? You’ll soon need to get your business up to speed with the complexities and nuances of a brand new VAT system, which recently moved a step closer to being implemented in the country. Majlis Al Shura, the advisory council
An investigation by Saudi Arabian authorities has uncovered an average of one tax violation among every five businesses inspected, indicating many organisations are failing to comply with the nation’s VAT rules. The General Authority of Zakat and Tax (GAZT) completed an inspection of 3,686 trade,
Barely a week after we revealed seven VAT changes in seven days, a number of further updates have been announced by authorities in four more countries: Portugal, Ecuador, Canada and Poland. Here’s the latest details from four important announcements around the world you’ll need to
It’s been another busy week in the world of tax. If you haven’t kept up to date with all the latest changes and updates from around Europe, sit back and take a few minutes to catch up in our weekly round-up of seven headlines you
It’s just over two-and-a-half years since VAT was embraced by the early adopting countries in the Gulf Cooperation Council (GCC). To date, considering the enormity of the task, it’s fair to say significant progress has been made and three nations (Saudi Arabia, Bahrain and the
