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India looking to attract US Companies away from China

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India looking to attract US Companies away from China
  • India, Newsletter

India looking to attract US Companies away from China

  • As the US continues blaming Beijing for the role it played in creating the COVID-19 virus and the Coronavirus pandemic, India is now looking to attract US companies away from China and promoting India company incorporation.

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Current State of the Economic Substance Regulation in the UAE amid Covid-19 Crisis
  • Newsletter, U.A.E.

Current State of the Economic Substance Regulation in the UAE amid Covid-19 Crisis

  • In the wake of the scourging global pandemic i.e. the Coronavirus threat, the existing ESR or the Economic Substance Regulations pertaining to the UAE get a decisive and much-anticipated makeover. While businesses are usually required to file the

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Applying for a VAT (Value-Added Tax) Refund in UAE
  • Newsletter, U.A.E.

Applying for a VAT (Value-Added Tax) Refund in UAE

  • One of the most crucial parts of an effective tax strategy is knowing how to recover the VAT you’ve paid during the past tax year. Not only is it important to know if you have the right

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Make in India Boosted by PM Modi’s Rs 20 Lakh Crore Package to Tide Over COVID- 19 Pandemic
  • India, Newsletter

Make in India Boosted by PM Modi’s Rs 20 Lakh Crore Package to Tide Over COVID- 19 Pandemic

  • Considering the detrimental effect of the COVID-19 pandemic that has led to the lockdown for over 8 weeks, Prime Minister Narendra Modi recently announced a special economic package of Rs. 20 lakh crores.

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Kingdom of Saudi Arabia announces Increase in Value Added Tax
  • Newsletter, Saudi Arabia

Kingdom of Saudi Arabia announces Increase in Value Added Tax

  • The Saudi Arabian Government recently announced that the VAT or Value Added Tax will be increased from 5% to 15% as of July 1st, 2020. The increase is one of several measures that have been taken in response

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Manufacturing Sector to Benefit From the Recent FDI Update – 100% Foreign Ownership
  • Newsletter, U.A.E.

Manufacturing Sector to Benefit From the Recent FDI Update – 100% Foreign Ownership

  • As per the recent FDI law update, 100% foreign ownership is allowed in mainland companies in certain sectors of the economy. The resolution allows 122 economic activities in which FDI is permitted.

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For Foreign and Non-Resident Indian Visitors relaxed Residency Rules in Wake of COVID-19 Pandemic
  • India, Newsletter

For Foreign and Non-Resident Indian Visitors relaxed Residency Rules in Wake of COVID-19 Pandemic

  • As per the Income Tax Act, 1961 Section 6 provides for the residential status of the individual based on the stay during the financial year that commences from April to March every year.

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Mitigating the Developmental and Economic Impact of COVID-19 with new VAT Incentives in Saudi Arabia
  • Newsletter, Saudi Arabia

Mitigating the Developmental and Economic Impact of COVID-19 with new VAT Incentives in Saudi Arabia

  • In order to mitigate the developmental and economic impact of the Coronavirus on the Saudi Arabian private sector, the General Authority of Zakat and Tax (GAZT) recently launched a number of incentives that will provide support for taxpayers

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Deadlines for reporting Economic Substance have been extended for Businesses in Bahrain
  • Bahrain, Newsletter

Deadlines for reporting Economic Substance have been extended for Businesses in Bahrain

  • It goes without saying that the economic impact of the Coronavirus pandemic has been felt on a global scale. Consequently, this has created a number of unprecedented challenges for hundreds, if not thousands of businesses in Bahrain and

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Corporate Tax Relief for Oman Businesses impacted by COVID-19
  • Newsletter, Oman

Corporate Tax Relief for Oman Businesses impacted by COVID-19

  • As of March 31st, 2020, tax authorities are now providing tax relief for corporations that are currently doing business in Oman and have been affected by COVID-19 as well as any Government imposed precautionary measures that were put

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