Blogs

BEPS 2.0 - Pillar Two - Global Minimum Tax Building on its work on BEPS 2.0 - focuses on addressing the tax challenges of digitalization of the economy, the OECD/G20 Inclusive Framework released Pillar Two (Global Minimum Tax) Model Ru...

Tax Treaty between the UAE and Kingdom of Saudi Arabia The Income Tax Treaty also referred to as the Double Tax Avoidance Agreement between the United Arab Emirates (‘UAE’) and the Kingdom of Saudi Arabia (‘KSA’...

Reforming the International Tax System BEPS 2.0 - Two-Pillar Solution Over the past years, the international tax environment has remained in flux and has become increasingly complex. The Base Erosion and Profit Shifting proje...

Beneficial Owner Procedures / UBO – Adhering the Deadlines Beneficial Owner Procedures Regulation commonly known as UBO was introduced in the UAE vide Cabinet Decision No. 58 of 2020, on 24 August 2020. Beneficial Owner Procedure...

VAT in GCC Countries-Taxation in GCC Although taxation has a long history in the world, it played a relatively minor role in the Gulf Region until 2015. The Countries of the Gulf Region are colloquially known as GCC Countries....

Income Tax in GCC Income Tax in GCC: The Oman Ministry of Finance, in its recent Medium-Term Fiscal Plan of 2020-2024 revealed its plan to introduce Income tax on high net worth individuals from 2022.  Income Tax in GCC...

Beneficial Owner Procedures - Cabinet Decision No. 58 of 2020  Beneficial Owner Procedures Regulation has been introduced in UAE vide Cabinet Decision No. 58 of 2020, on 24 August 2020. Beneficial Owner Procedures Regulation came...

Declaration of Ultimate Beneficial Owner(UBO's) in the UAE Ultimate Beneficial Owner term is noticed in many Regulations. The beneficial Owner is nothing but the Natural Person ultimately holding the Legal Person. The reference to...