Oman introduces Domestic Minimum Top-Up Tax for MNEs
The Oman Tax Authority has confirmed that a Royal Decree has been issued which implements a domestic minimum top-up tax, with a minimum effective tax rate of 15%, for multinational enterprise (MNE) groups in Oman, provided that these groups
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Kuwait introduces supplementary domestic minimum top-up tax for MNEs
Kuwait's Ministry of Finance announced on X that a supplementary domestic minimum top-up tax (DMTT) for large multinational enterprises (MNEs) has been introduced through Decree No. (157) of 2024 on 30 December 2024. The Decree is designed to
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Turkey extends income tax incentives for tech, R&D employees
Turkey has announced an extension of income tax withholding incentives for employees in technology development zones and R&D or design centers. According to Presidential Decision No. 9368 on 27 December 2024, employees working outside these
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Saudi Arabia: ZATCA announces criteria for 19th wave of e-invoicing integration
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) has announced the eligibility criteria for Group 19 taxpayers in the integration phase of e-invoicing on 27 December 2024. The 19th phase will include all taxpayers whose revenues
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Nigeria: President presents 2025 budget
The President of Nigeria, Bola Ahmed Tinubu, presented the 2025 Budget titled “The Restoration Budget: Securing peace, Rebuilding prosperity” during a joint session of the 10th National Assembly on 18 December 2024. The budget is a record high
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Turkey introduces 1% withholding tax on e-commerce intermediary payments
Turkey's Revenue Administration has announced the issuance of Presidential Decision No. 9284, introducing a 1% withholding tax rate on payments made by intermediaries to service providers engaged in activities under Law No. 6563 on the Regulation of
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Qatar: Parliament approves introduction of Pillar Two global minimum tax
Qatar's General Tax Authority has announced that the Shura Council (parliament) has approved amendments to implement measures for the Pillar Two global minimum tax. During its regular weekly session convened on 23 December 2024 at the Council’s
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Turkey increases withholding tax on dividend distributions
The Revenue Administration of Turkey has announced the release of Presidential Decision No. 9286 on 22 December 2024, updating the withholding tax rate on dividend distributions. The withholding tax rate on dividends distributed under Article 94
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Morocco publishes Finance Law 2025
Morocco has published Finance Law 2025 on the Ministry of Finance website on 20 December 2024. Earlier, Morocco’s Ministry of Finance released the draft Finance Law 2025 on 19 October 2024, proposing various measures for corporate income tax,
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South Africa: National Treasury, SARS consult draft Revenue Laws Amendment Bill (RLAB)
The National Treasury and the South African Revenue Service (SARS) published the 2025 draft Revenue Laws Amendment Bill (RLAB) for public comment on 13 December 2024. This announcement was also made on the same day. This draft tax bill
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Oman ratifies tax treaty with Luxembourg
The Sultan of Oman issued a royal decree 64/2024 ratifying the income and capital tax treaty with Luxembourg on 18 December 2024. Earlier, Luxembourg and Oman have signed an income tax treaty on 17 October 2024. HE Sheikh Dr Abdullah bin Salem
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Kenya: KRA updates PAYE rules under Tax Laws (Amendment) Act 2024
The Kenya Revenue Authority has published a notice outlining changes to the PAYE computation following the enactment of the Tax Laws (Amendment) Act, 2024. The following changes shall be applicable in the computation of PAYE for December 2024 and
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Oman, Tanzania sign tax treaty
Oman and Tanzania have signed a tax treaty in Muscat on 15 December 2024. The agreement was signed by HE Nasser bin Khamis Al Jashmi, Chairman of Oman’s Tax Authority, and HE Dr. Mwigulu Lameck Nchemba, Tanzania’s Minister of Finance and
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Nigeria proposes new tax incentives for oil and gas industry
The Nigerian Oil and Gas Industry Content Development (NOGICD) Bill, 2023 has been presented before the National Assembly which introduces tax law changes and new incentives to promote Nigeria’s oil and gas sector. The key measures include a
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Egypt extends tax dispute resolution process
The Egyptian Parliament introduced Law No. 160 of 2024 on 3 December 2024, ensuring the continued operation of the Dispute Resolution Committee (DRC), which will process ongoing cases and accept new dispute applications until 30 June 2025. The
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Kenya enacts Tax Laws (Amendment) Bill, Tax Procedures (Amendment) (No.2) Bill 2024
Kenya’s President William Ruto has signed the Tax Laws (Amendment) Bill 2024 and the Tax Procedures (Amendment) Bill 2024 into law on 11 December 2024. Key provisions of the Tax Laws (Amendment) Bill 2024 and the Tax Procedures (Amendment) Bill
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Oman ratifies income tax treaty with Estonia
The Sultan of Oman issued a Royal Decree No 62/2024 for the ratification of the income tax treaty with Estonia on 10 December 2024. Earlier, Oman and Estonia signed the income tax treaty in Muscat on 27 October 2024. The agreement was signed
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UAE: Dubai to reintroduce 30% alcohol sales tax from January 2025
Dubai is reportedly planning to reintroduce a 30% alcohol sales tax effective 1 January 2025, reversing a policy that suspended the tax in 2023 to boost tourism. The announcement, communicated by major alcohol distributors MMI and African+
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