taxation

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018
Middle East

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle,…
In blow to UK, EU rejects leeway for financial traders from tax avoidance rules
Business

In blow to UK, EU rejects leeway for financial traders from tax avoidance rules

Most European Union finance ministers on Tuesday rejected a British-backed plan to exempt financial traders from new rules aimed at…
Administrative court adjourns appeal against VAT to Nov. 6
Egypt

Administrative court adjourns appeal against VAT to Nov. 6

An appeal against a new Value Added Tax (VAT), which was introduced in a recent law, has been postponed to…
‘Times are changing, pay your taxes’, euro zone chief tells corporations
Business

‘Times are changing, pay your taxes’, euro zone chief tells corporations

Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said…
Sisi ratifies law replacing sales tax with VAT
Business

Sisi ratifies law replacing sales tax with VAT

President Abdel Fattah al-Sisi has ratified the new law on Value Added Tax (VAT), according to a report in The…
Egypt’s cabinet approves draft tax settlement bill amid IMF talks
Business

Egypt’s cabinet approves draft tax settlement bill amid IMF talks

Egypt's government approved a draft bill that would settle tax disputes, the cabinet said in a statement on Wednesday, a…
Egypt cabinet approves long-awaited VAT bill
Business

Egypt cabinet approves long-awaited VAT bill

Egypt's cabinet approved "in principle" a long-awaited value added tax (VAT) bill and will refer it to the Council of…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
Business

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
NGO provides online tool for income tax calculation
Egypt

NGO provides online tool for income tax calculation

An NGO has developed an online tool for the instant calculation of income taxes and how their returns are redirected…
Egypt, Jordan negotiate anti-double taxation agreement
Egypt

Egypt, Jordan negotiate anti-double taxation agreement

Hussein Ahmed al-Far, chairman of the Central Department for International Agreements at the Egyptian Tax Authority, said Egypt and Jordan…
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