News developments Archives - Page 101 of 224

Dubai: Online Scheme to Boost Government Customer Service

23/03/202323/03/2023
by Benjamin Filaferro

The National, 21 March 2023: Dubai has launched an online initiative named 04 platform, aimed at enhancing customer service in over 40 participating government departments.

The platform will allow people to submit complaints, suggestions and queries directly to the departments via notes or audio messages, with the goal of receiving feedback in less than two minutes.

Officials and stakeholders can directly receive and respond to customers’ opinions, suggestions and ideas.

The platform supports submission via WhatsApp for Business as well.

The initiative aims to bridge the gap between government and its customers and strengthen the connection between the leadership and customers.

For the full story, click here.

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Kuwait: 233 Fake Companies Raided

16/03/202316/03/2023
by Benjamin Filaferro

Arab Times, 14 March 2023: According to the Al-Qabas daily, the Employment Protection Sector’s Inspection Department in Kuwait’s Public Authority for Manpower (PAM) has conducted a thorough operation against fraudulent businesses in Farwaniya Governorate.

The campaign has led to the confiscation of 233 fake commercial enterprises in five commercial centres, as it was discovered they were not involved in any commercial activities.

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Saudi Arabia: Initiatives to Support Private Sector Launched

16/03/202316/03/2023
by Benjamin Filaferro

Alarabiya, 14 March 2023: The Public Investment Fund of Saudi Arabia has launched three initiatives to support local private sector companies, including a program called “Musahama” aimed at increasing local content participation to 60 per cent by the end of 2025.

The fund is also working with its affiliated companies to improve procurement practices to increase local content.

The second initiative is a supplier development program which supports the skills of local suppliers to meet the increasing demands of the fund and its companies.

For the full story, click here.

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Kuwait: Banks Mull Freezing Amounts Transferred Via Hacked Links

16/03/202316/03/2023
by Benjamin Filaferro

Alrai, 14 March 2023: Kuwaiti banks have reported an increase in fraudulent activities, where customers’ accounts have been hacked using links which offer fake rewards or gain unauthorised access to Apple Pay.

Sources have disclosed banks are exploring the possibility of implementing additional protective measures, including new procedures for freezing funds transferred through hacked links to local bank accounts.

Criminals are deceiving individuals, including friends and family members, into transferring money to the hacked accounts.

The funds are then seized by the criminals.

For the full details, click here.

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Qatar: Shura Discusses Labour Market Issues

16/03/202316/03/2023
by Benjamin Filaferro

Lusailnews, 14 March 2023: During a regular session, the Shura Council has discussed labour market issues, including the appointment of Qatari nationals in the private sector.

The Labour Minister has stated the new draft labour law will impose penalties on establishments which violate the conditions and regulations for employing Qataris, including warnings, transaction suspensions, and financial fines.

Additionally, the law includes incentives and facilities to attract Qatari talent, such as financial benefits and exemptions from government fees.

For the full story, click here.

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UAE: Official Guide on Limiting Food Wasting Issued

16/03/202316/03/2023
by Benjamin Filaferro

Albayan, 15 March 2023: The UAE’s Minister of Climate Change and Environment has unveiled a guide on reducing food waste in buffets at restaurants.

This is part of the National Initiative for Limiting Food Waste (Nimaa) which aims to reduce food waste by 50 per cent by 2030.

The minister emphasised the importance of establishing partnerships and implementing sustainable solutions to meet the target.

For the full story, click here.

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UAE: New Freelance Work Permits for ‘All Skill Levels’ to be Introduced

16/03/202316/03/2023
by Benjamin Filaferro

The UAE plans to introduce a flexible work permit by the third quarter of 2023, enabling individuals of all skill levels to take up freelance jobs either in the country or from anywhere in the world.

The Minister of Human Resources and Emiratisation confirmed the new permit aims to support all types of remote and flexible work and expects it to create up to 24,000 jobs by 2024.

The permit would allow employees to work for themselves, enhancing productivity in the workforce while allowing businesses to attract a more diverse pool of talent.

For the full story, click here.

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Get Ready to Level Up Your Tax Game with the Exciting New Spring 2023 Edition of Lexis® Middle East Gulf Tax!

15/03/202315/03/2023
by Benjamin Filaferro

We’re thrilled to announce the latest edition of Lexis® Middle East Gulf Tax, the very first of its kind in the GCC! Our complimentary magazine offers insightful updates on the latest tax and financial developments across the GCC region.

In this edition:

Points of Law: What do we know now about how the new UAE Corporate Income Tax regime will operate?

Nearly one year after the UAE first announced its intention to introduce corporate income tax, the Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses has been published. Thomas Vanhee from Aurifer Middle East Tax provides an explanation of what we can expect from the new tax system.

The more the merrier? What are the advantages and disadvantages of creating a tax group in the UAE Corporate Income Tax context?

The UAE’s Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses permits UAE companies to establish tax groups. Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, clarifies that this can simplify tax management, but it’s crucial to have a thorough understanding of tax groups as they are complex mechanisms.

Tax News Round-Up

Stay informed about the latest updates in tax treaties and regulations throughout the region. This includes a regulatory round-up of recent changes and information on tax treaties.

Practical Focus on Tax residency in the UAE

Zain Satardien of Hourani & Partners in Dubai discusses the importance of Cabinet Decision No. 85/2022 on Tax Domicile in the UAE, which clarifies the criteria for tax residency for individuals and legal entities in the country. Zain’s Practice Note covers rules for determining tax residency, corporate taxability, and the FTA’s authority to request information.

Tax Professional Profile: Working Where Tax Is New

Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, elaborates on the difficulties of operating in jurisdictions where the tax landscape is still developing.

Practitioner Perspective on Significant UAE VAT Law Changes

Tyne Hugo and John Peacock of BSA Ahmad Bin Hezeem & Associates summarise recent changes to the UAE VAT Law, including new definitions, a provision for more flexibility, clarification on tax invoices, and changes to tax audits. They also mention a temporary amendment to the definition of “Goods” and administrative changes impacting UAE VAT payers, such as the new Emara-Tax system.

Do They Have Income Tax in Oman?

Shiraz Khan of Al Tamimi & Company provides insight into the current status of Oman’s proposed implementation of Personal Income Tax (PIT).

Special thanks to Alchemy Search for supporting tax professionals by connecting businesses with talent across the GCC and beyond!

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Lexis Middle East Gulf Tax_Spring 2023

Have you read the Lexis® Middle East Gulf Tax – 2022 editions? Click the links below to access and read these editions.

Lexis Middle East Gulf Tax | Winter 2022

Lexis-Middle-East-Gulf-Tax_| Autumn 2022

Lexis® Middle East Gulf Tax | Summer 2022

UAE: Public Prosecution Warns of Penalties Against Employees Who Leak Details of Investigations

09/03/202309/03/2023
by Benjamin Filaferro

Khaleej Times, 3 March 2023: The UAE’s Public Prosecution has warned disclosing information from legal cases is a crime punishable by stiff penalties.

In an advisory, the authority has reminded all details related to investigations and ensuing findings must be kept strictly confidential, and hefty penalties will be imposed on violators.

This applies to all those who may be privy to matters in court, including public prosecution staff, clerks, assistants, and experts.

The authority also stated evidence collection reports must be treated with the same confidentiality stipulated in a subclause of Article 67 of Federal Decree-Law No. 38/2022 On the Issuance of the Criminal Procedure Law.

For the full story, click here.

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Saudi Arabia: Health and Justice Ministries Sign Memorandum of Understanding

09/03/202309/03/2023
by Benjamin Filaferro

5 March 2023: According to the Saudi Press Agency, Saudi Arabia’s Health Ministry and Justice Ministry have signed a memorandum of understanding to implement reconciliation in cases related to medical errors and associated complaints, before they are referred to the judiciary.

This decision comes after the jurisdiction for considering medical mistake claims was transferred from the Health Ministry to the Justice Ministry.

The goal of the transfer is to improve patient safety and protect their rights.

This initiative also aligns with the establishment of the Patient Safety Centre and the expansion of insurance coverage for medical errors.

For the full story, click here.

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