The New Saudi Companies Law: What You Need to Know
The new Saudi Companies Law came into effect on 2nd May 2016 (“the Effective Date”). Implementing Regulations clarifying the operation and effect of a number of the provisions of the new law have recently been through a consultation phase and are due to be issued in the coming months. The renamed Ministry of Commerce and […]
THE IMPACT OF BREXIT ON VAT
In the referendum held on 23 June 2016, the United Kingdom voted in favour of exiting the European Union. Although the two-year exit process is yet to commence, consideration should be given to the tax implications that may arise, especially with regard to customs, excise and value added taxes. Transactions between the United Kingdom (UK) […]
Belgium: Parliament Approves Belgian Transfer Pricing Documentation Requirements
On June 29, 2016, the Belgian Parliament adopted the ‘programme law’ (introduced on June 2, 2016) that contains the introduction into Belgian tax law specific transfer pricing documentation requirements (published in the Belgian Official Gazette of July 4, 2016). These requirements are based on Action 13 of the Organisation for Economic Co-operation and Development (OECD)/ […]
Asian Expats Affirm Ties With Dubai
DUBAI // Community leaders, businessmen and diplomats from five countries in the Association of South-East Asian Nations region met in Dubai on 21.08.2016. The meeting was part of plans for further cooperation before the group’s 50-year celebrations next year. The gathering of expatriates from the Philippines, Malaysia, Singapore, Indonesia and Thailand was the first in […]