Qatar: Draft law on selective tax on goods approved
The Finance Ministry has prepared the draft law in accordance with the GCC unified agreement for selective tax, and the GCC Supreme Council decision recently issued in the 37th session held in the Kingdom of Bahrain. The decision specifies the
See MoreUAE: Planning to introduce VAT by 2018
During the World Government Summit Ministry of Finance officials from the United Arab Emirates (UAE) announced they are to implement VAT by 1st January 2018. Also, the Finance Undersecretary has reiterated the Gulf Cooperation Council (GCC) Member
See MoreBahrain-GCC: VAT Framework Agreement signed by Bahraini Finance Minister
The Gulf Cooperation Council (GCC) VAT Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. This agreement imposes 5% VAT on the supply of in the GCC region. But this rate will be not applicable on particular
See MoreBahrain-GCC: Excise Taxes Framework Agreement signed by Bahraini Finance Minister
The Gulf Cooperation Council (GCC) Excise Taxes Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. Bahrain is planning to introduce Excise Tax by mid-2017. The excise levies will be 50% on soft drinks and a
See MoreThe Trans-Pacific Partnership negotiation completed
On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their
See MoreTrilateral Cooperation on Fiscal Transparency among United States, Brazil and El Salvador
Focusing on improve tax collection, effective and efficiency of fiscal transparency, an International Initiative for Trilateral Cooperation has been announced by the Governments of El Salvador, Brazil and the United States on December 2, 2013. These
See MoreAustralia: Push for G20 tax action
The Australian Prime Minister has started his nation's G20 Presidency with a call for enhanced international tax arrangements. The G20 presidency goes to Australia from Russia. At the point when leaders met in St. Petersburg in September, they
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