WTO: Trade policy review of United Arab Emirates
The World Trade Organization (WTO) conducted a review of the trade practices of the United Arab Emirates (UAE) on 1 and 3 June 2016. The review was conducted on the basis of a report prepared by the WTO secretariat. Real GDP growth in the UAE
See MoreEgypt: Requirement and procedures introduced with regards to new import registration
Additional formal requirements have been introduced by the Egyptian authorities, for importing goods into Egypt. The purpose of such requirement is to promote local production, reducing reliance on foreign imports and increasing the Egyptian foreign
See MoreRussia: Wheat export duty amended
The Russian Government has amended the method for calculating wheat export duty that was in force from 1st July 2015. The government has increased the deductible portion of the wheat export duty from 5,500 rubles ($83.9) to 6,500 rubles ($99.1)
See MoreSaudi Arabia: Investors look to new free zone in Oman
In accordance with the feedback received at a current event, Saudi investors are wished for setting up operations in the Special Economic Zone in Oman. They consider that there are lots of chances to control effectively in various economic sectors
See MoreNorway : Indirect tax has been Amended
Norway indirect tax has been amended in the revised budget which will be effective from 1st July 2014. Amendments regarding VAT: The process of deciding for taxation of the letting of immovable property has been simplified and the decision time
See MoreBrazil: Reduces Different Import Tax Rates
The Foreign Trade Chamber (CAMEX) of Brazil has declared that the 10% import duty will be cut from wheat, capital and electronic goods till 15 August 2014, and this decision came into effect from 24 June 2014. CAMEX also introduced, 2 Resolutions-
See MoreBrazil – Tax Hike on Drinks Postponed
Brazil is delaying until September 2014 a proposed rise in indirect tax on certain types of drink. The original proposal was that the tax on energy drinks, beer and some fruit juice would increase by around 1.5 percent on average from 1 June 2014.
See MoreCanada: 100% surtax may be imposed on selected U.S. imports
Canada may go ahead with the imposition of a 100% surtax on selected U.S. imports in the first half of 2015. The surtax may affect Canadian businesses that import or export products. This proposed measure is a result of the United State's refusal to
See MoreVietnam: Preferential customs treatment made more accessible
Under business policy in force in Vietnam since 2011 companies have had access to preferential customs treatment only if they have annual revenue of at least USD 350 million. A new Circular issued by the Ministry of Finance has lowered this
See MoreArgentina: Import Taxes on Luxury Vehicles are increased
To support its domestic car manufacturing industry the Argentine government has announced a change to the country’s customs duty regime and introduced higher taxes on imported vehicles and motorbikes. According to the statement through a
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