Tax Archives - IMC

Tax Tag

The recent changes and amendments in the taxation area of African countries: Ghana: The Ghana parliament has abolished the customs duty on spare parts of two wheelers and has introduced an import levy of 0.2% on all imports coming on from countries who are not the members...

Introduction The Sultanate of Oman has recently issued a new Royal Decree which bought a wide-ranging impact on the existing income tax law in the country. This law was published in the official gazette on 26th February 2017. This article aims to share the major highlights...

Introduction The GCC nations have announced introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia already published the treaty in their official gazette earlier this month and is all set to introduce it with effect...

On 20th February 2017, the finance minister of Singapore, Heng Swee Keat delivered his budget speech. In this speech, he gave a brief but an important comment about the Base Erosion Profit Shifting (BEPS) project and the adjustments expected to be made by many countries...

Introduction The High Net Individuals, and Multinational enterprises and corporate are aggressively doing tax planning by engaging in complicated tax structuring to have less payout. Although the structure is legally acceptable, however the object of evading tax via them is not considered moral and is a...

Introduction The UAE is all set to launch VAT which will be applicable to most of the business in the country with effect from 1st January, 2018. Preparations are in full form and authorities are leaving no stone unturned for successful implementation of the law in...

Introduction Taxes – a word alien to this part of the world will longer be so. The last few years have seen various new developments related to taxation in whole of Gulf region and the United Arab Emirates (UAE) is not an exception. Implementation of Common Reporting...