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Kuwait: Tax Changes on the Way

Kuwait: Tax Changes on the Way

  • 18/07/202118/07/2021
  • by Benjamin Filaferro

Arab News, 14 July 2021: Kuwait’s Finance Minister has announced tax changes are on the way.

Excise tax and VAT will be introduced.

They also announced withdrawals need to be made from the Future Generations Reserve Fund temporarily to plug a budget deficit.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia: New Female Footballer Regulations Approved

Saudi Arabia: New Female Footballer Regulations Approved

  • 18/07/202118/07/2021
  • by Benjamin Filaferro

Gulf News (United Arab Emirates), 15 July 2021: According to local newspaper reports, Saudi Arabia’s Football Association has announced it has approved new female footballer regulations.

The new regulations amend existing regulations.

The amendments will allow a Saudi women’s football league and women’s teams to be created.

They protect the rights of female professional footballers who want to have children during their playing careers.

They include conditions agreed on by FIFA, FIFPRO and other stakeholders. They state female players will be treated the same as men, but they will be entitled to maternity leave during the contract’s term.

They will be paid at least two thirds of the contracted salary unless the local rules or collective agreements provide more favourable terms.

A contract will not be able to state a female player must not be pregnant or get pregnant during its their contractual term.

Their contract may not be suspended during their maternity leave, or deprive them of a maternity rights in general.

It is not clear how long the minimum maternity leave will be nor how long it will last before and after a child is born.

The number of professional players is also not clear and whether amateur players will be allowed to be admitted.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia: Banks Should Appoint Anti-commercial Cover-up Official

Saudi Arabia: Banks Should Appoint Anti-commercial Cover-up Official

  • 18/07/202118/07/2021
  • by Benjamin Filaferro

Saudi Gazette, 14 July 2021: Saudi Arabia’s Central Bank has announced banks should appoint an anti-commercial cover-up official.

They will be responsible for monitoring and reporting suspected cases.

They also have to report the suspected cases to the Director of the Department of Anti-Money Laundering and Counter-Terrorist Financing.

A Circular to this effect has been issued.

They should have the relevant expertise and competence in tackling commercial cover-up, money laundering and terrorist financing and in drafting policies and procedures necessary to tackle cover-ups and report these cases.

The policies and procedures include developing technical systems to detect suspected cover-ups as well as creating and developing scenarios for account control to tackle cover-ups.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Sharjah: Regulations for Renting Holiday Homes Issued

Sharjah: Regulations for Renting Holiday Homes Issued

  • 18/07/202118/07/2021
  • by Benjamin Filaferro

Mubasher, 13 July 2021: Sharjah’s Executive Council has announced it has issued regulations on holiday home rentals.

The regulations include the standards which have to be met for operating holiday homes and the standards for categorising these houses.

They also state unlicensed parties will not be able to operate these activities.

For full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

UAE: Digital Currency to be Launched

UAE: Digital Currency to be Launched

  • 14/07/202114/07/2021
  • by Benjamin Filaferro

Gulf News (United Arab Emirates), 12 July 2021: The UAE’s Central Bank has announced it plans to launch a digital currency.

The announcement is contained in the Banks’ priorities for 2023 to 2026.

It is part of the Bank’s aim to be among the world’s Top 10 central banks.

They will also focus on including driving digital transformation in the UAE’s financial services sector by utilising the latest Artificial Intelligence and big data solutions. Technology will also be used across inspection, monitoring and insurance systems as well as the UAE Pass system utilised to boost financial inclusion and provide easy access to financial services.

They will also focus on supporting the UAE’s green economy efforts and continue work to developing an innovative financial infrastructure to boost the UAE’s competitiveness in this area.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

UAE: National Scheme for Programmers Launched

UAE: National Scheme for Programmers Launched

  • 13/07/202113/07/2021
  • by Benjamin Filaferro

Alroeya, 10 July 2021: Dubai’s Ruler has announced a National Scheme for Programmers has been launched.

It has been launched together with large technology companies including Google, Microsoft and Amazon.

The aim of the programme is to attract and train 100,000 programmers and establish 1,000 digital companies within five years.

Golden permits will also be issued to them.

For full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Qatar: Family and Tourism Visas to be Issued Again

Qatar: Family and Tourism Visas to be Issued Again

  • 12/07/202112/07/2021
  • by Benjamin Filaferro

Al-Sharq, 8 July 2021: Qatar’s Interior Ministry has announced family and tourism visas will be issued again.

They will be issued again from 12 July 2021.

Those arriving in the country through different terminals will have to comply with the anti-Coronavirus measures approved by the Public Health Ministry.

For full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Oman: GCC Tax Agreements Ratified

Oman: GCC Tax Agreements Ratified

  • 12/07/202112/07/2021
  • by Benjamin Filaferro

Oman’s Sultan has issued two Sultani Decrees ratifying GCC tax agreements.

Oman Sultani Decree No. 50/2021 ratifies the 2016 GCC Unified Agreement on VAT.

The relevant departments have to deposit the ratification document in line with the agreement.

Oman Sultani Decree No. 51/2021 ratifies the 2016 GCC Unified Agreement on Excise Tax.

The relevant departments have to deposit the ratification document in line with the agreement.

Both Decrees will be published in the Official Gazette and come into force on their issued date.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia: Foreign Lawyers to be Allowed to Plead in Courts

Saudi Arabia: Foreign Lawyers to be Allowed to Plead in Courts

  • 12/07/202112/07/2021
  • by Benjamin Filaferro

Gulf News (United Arab Emirates), 7 July 2021: According to local newspaper reports, Saudi Arabia’s Cabinet has approved a Decision to allow foreign lawyers to plead in courts.

They will have to be licensed in the Kingdom and be basic members of the Saudi Bar Association.

They must have a degree from a Sharia college or a Bachelor of Law from one of the Kingdom’s universities or an equivalent of any of these degrees obtained from abroad, or a post-graduate diploma of legal studies from the Institute of Public Administration. They must also have at least three years of practical legal experience. This period may be reduced to one year for an individual who holds a Master’s degree in Sharia or in law, or an equivalent, or a post-graduate diploma in law for Sharia college graduates. This requirement will not apply to a holder of a doctorate in these specialist fields. They must be of good conduct and not under interdiction and must not have been subjected to any hadd or Qur’anic prescribed punishment or any other sentence in connection with a crime which impugns integrity, except where a minimum of five years has passed since the sentence was issued. Finally, they must be residents of the Kingdom.

They will be able to represent third parties before courts of law, the Board of Grievances and other committees set up by laws, decrees and decisions to consider the cases falling within their respective jurisdictions.

They can also provide consultancy services based on Sharia principles and the rule of law.

The Cabinet Decision has amended a requirement in the Saudi Code of Law Practice for lawyers to be a Saudi to practice law in order to be able to plead before courts.

Previously, law firms could only outsource foreign lawyers as legal advisors.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

First 2021 edition of Qatar Business Law Review Out Now!

First 2021 edition of Qatar Business Law Review Out Now!

  • 07/07/202107/07/2021
  • by Benjamin Filaferro

Check out the latest edition of The Qatar Business Law Review! This issue includes:

  • Qatar legal news by Sultan Al-Abdulla & Partners.
  • A case comment by Dr. Zain Al Abdin Sharar on the Qatar International Court and Dispute Resolution Centre (QICDRC) Note on its decision in C v. D.
  • Practical guidance from LexisNexis Middle East on the Qatar International Court and Dispute Resolution Centre (QICDRC) and the Qatar Financial Centre (QFC) Authority.

Access the latest issue here.

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