Newsletter Archives - Page 26 of 243 - LexisNexis Middle East

Oman: First Dual Citizenship Granted Under New Law

13/03/202513/03/2025
by Hannah Gutang

The Arabian Stories, 9 March 2025: Oman has issued a Royal Decree granting Omani citizenship to an individual, allowing them to hold both Omani and Russian nationalities.

This is the first instance of dual nationality being permitted under Oman’s new citizenship law.

The Royal Decree follows the recent implementation of Oman Sultani Decree No. 17/2025, which came into effect on 2 February 2025.

The new law generally prohibits dual nationality unless explicitly granted by a Royal Decree, based on the recommendation of the Interior Ministry.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Kuwait: Minister Inspects Cooperative Societies in Jahra for Regulation Compliance

13/03/202513/03/2025
by Hannah Gutang

Arab Times, 6 March 2025: The Minister of Social Affairs, Family, and Childhood Affairs has conducted a visit to several cooperative societies in Jahra Governorate to assess their adherence to ministerial regulations during the holy month of Ramadan.

This visit is part of ongoing efforts to maintain price stability, ensure the availability of high-quality essential products, and enforce laws and regulations in cooperative markets for the benefit of both shareholders and consumers.

During the visit, the minister engaged with officials from the cooperative societies to discuss the mechanisms in place for price control and the availability of Ramadan-related products.

The minister has assured them that the ministry will continue to monitor the performance of these societies to ensure the best possible services for shareholders and consumers.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Bahrain: Updates VAT Guide for Imports and Exports

13/03/202513/03/2025
by Hannah Gutang

The Kingdom of Bahrain’s National Bureau of Revenue (NBR) has released an updated version of the Imports and Exports VAT Guide.

This comprehensive document offers essential guidance for businesses involved in international trade in Bahrain, detailing the VAT treatment of imports and exports.

It covers key areas such as VAT liability on imports, conditions for zero-rating exports, and compliance requirements for businesses engaged in cross-border transactions.

A notable update in the guide is the revision of Section 1.2, which provides enhanced details on the VAT treatment of goods exports.

The guide reaffirms that exports of goods from Bahrain are subject to a 0% VAT rate, provided they meet specific conditions.

To qualify as an export and benefit from zero-rating, goods must be shipped from Bahrain to a destination outside the Implementing States within 90 days from the date of supply.

Additionally, the goods must remain unchanged, unused, and unsold before leaving Bahrain.

Suppliers are required to maintain valid export documentation to prove compliance with these conditions, as failure to do so may result in the transaction being treated as a domestic supply subject to a 10% VAT rate.

The most significant update involves a new subsection under Section 1.2 titled “Multiple Supplies Resulting in a Single Export.”

The guide clarifies that when multiple transactions culminate in a single export, only the final supply in the chain will qualify for zero-rating, provided all export conditions are met.

Any preceding transactions in the supply chain will be treated as domestic supplies and will be subject to a 10% VAT rate.

This change directly impacts businesses involved in multi-step transactions where goods are initially sold within Bahrain before being exported.

For instance, if a VAT-registered supplier in Bahrain sells goods to another Bahrain-based entity, which then arranges for the direct export of those goods to a customer outside Bahrain, the initial transaction within Bahrain will be subject to a 10% VAT rate, while the final sale to the overseas customer will be zero-rated.

The supplier responsible for the export must ensure they retain documentation proving the outbound destination of the shipment to apply the 0% VAT rate.

These updates underscore the importance of accurate VAT classification and proper documentation for businesses engaged in imports and exports.

Companies are advised to review their VAT compliance procedures to ensure they correctly apply zero-rating to exports and account for VAT on domestic transactions preceding an export.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

DIFC: New Law Enhances Courts’ Jurisdiction and Introduces Mediation Centre

13/03/202513/03/2025
by Hannah Gutang

A new law has been enacted to regulate the judicial and administrative functions of the Dubai International Financial Centre (DIFC) Courts.

The law clearly defines the jurisdictional scope of the DIFC Courts, which include the Court of Appeal, the Court of First Instance, and the Small Claims Tribunal.

It also establishes a procedural framework for appointing the Chief Justice and the Director of the Courts, detailing their roles and responsibilities.

A notable feature of the new law is the introduction of a Mediation Centre.

This facility provides an alternative dispute resolution pathway, allowing parties to resolve disputes amicably with the assistance of mediators registered with the DIFC Courts.

Under the new provisions, the DIFC Courts have exclusive jurisdiction over civil, commercial, and labour claims involving DIFC bodies or institutions.

This jurisdiction applies whether the claims are filed by or against these entities or if they are a party to the proceedings.

The law also addresses various aspects of court operations, including litigation and evidence procedures, handling urgent matters, enforcement, and exceptions to the compensation bond requirement.

It further covers technical defects, procedural errors, and statutes of limitations, ensuring a comprehensive legal framework for the DIFC Courts.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Abu Dhabi: Issues Customs Reorganisation Law

12/03/202512/03/2025
by Hannah Gutang

Abu Dhabi has enacted a law to reorganise the General Administration of Abu Dhabi Customs.

This administration, operating under the Abu Dhabi Department of Economic Development, now holds an independent legal status.

It is tasked with proposing policies and strategic plans for customs operations, facilitating trade, ensuring regulatory compliance, and safeguarding society from illegal activities.

The administration’s responsibilities include managing customs offices, implementing customs policies, and coordinating with authorities to regulate the import, export, and transit of goods.

It also oversees the inspection and valuation of goods, collection of duties and taxes, and management of free zones and customs warehouses.

Additionally, the administration is involved in facilitating the movement of goods, regulating customs clearance, and monitoring customs brokers.

It plays a crucial role in combating smuggling and customs-related crimes by investigating violations and enforcing legal measures.

The administration also handles conciliation settlements and the management of seized goods and customs exemptions.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Qatar: Tax Return Deadline Extended

11/03/202512/03/2025
by Hannah Gutang

The General Tax Authority (GTA) has extended the deadline for submitting tax returns for the fiscal year ending 31 December 2024, by four months.

Taxpayers now have until 31 August 2025, to file their returns, instead of the original 30 April 2025 deadline.

This extension is part of the 100% Financial Penalty Exemption Initiative, providing taxpayers with additional time to meet their obligations.

The extension applies to all entities and individuals under Qatar Law No. 24/2018 of Income Tax Law including tax-exempt companies and those owned by Qatari nationals or GCC citizens.

However, companies in the petroleum and petrochemical sectors must adhere to the original 30 April 2025 deadline.

This decision underscores the GTA’s commitment to supporting taxpayers and enhancing compliance.

Taxpayers are encouraged to file electronically via the Dhareeba Tax Portal and can seek assistance through the GTA’s Call Centre or email support.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Lexis Middle East Gulf Tax – Spring 2025 Edition

07/03/202507/03/2025
by Hannah Gutang

The Lexis Middle East Gulf Tax Spring Edition offers an in-depth analysis of the swiftly evolving tax landscape within the Gulf Cooperation Council (GCC) region. This edition underscores the trend where the introduction of new tax laws is often rapidly succeeded by a cascade of related legislative changes. Among the key topics discussed is the Real Estate Transaction Tax (RETT) in Saudi Arabia, which was initially introduced in 2020 and has undergone several amendments. The magazine delves into the recent formalisation of law on this subject and the ensuing consultation on new Implementing Regulations, with insights from experts at Riad & Riad.

The edition concludes with an examination of the increasing adoption of tax automation software in the UAE, driven by rising requirements and support. Overall, the magazine highlights the imperative for taxpayers in the GCC to remain vigilant and adaptable to the rapid and significant changes in tax laws.

FEATURE: YOUR RIGHTS ON RETT

Dr. Fatma Salah, together with Mohamed Riad and Amera Gamal from Riad & Riad, discusses the introduction of the Real Estate Transaction Tax (RETT) in Saudi Arabia in 2020. The upcoming legislation and its Executive Regulations are anticipated to provide more detailed guidance on the tax’s application.

FEATURE: DOWN TO BRASS TACKS ON DMTT

Asrujit Mandal from BDO explores the dynamic shifts in regional legislation and guidance surrounding the Domestic Minimum Top Up Tax. With Bahrain at the forefront, its pioneering approach could potentially shape and inspire strategies in other GCC countries, all in alignment with Pillar Two initiatives.

TAX NEWS ROUND-UP

This round-up outlines the most recent major changes in tax agreements and regulatory updates across the region, providing readers with a comprehensive understanding of the current developments.

PRACTICAL FOCUS: VAT AND CRYPTO MINING

Shailesh Kumar (Associate Partner), Mradul Gupta (Associate Director), and Megha Lohia (Assistant Manager) from PKF UAE highlight the rising prominence and global acceptance of cryptocurrency and emphasise the increasing importance of understanding the tax implications associated with its use.

TAX PROFESSIONAL PROFILE

What’s Next with VAT? While Corporate Tax and Transfer Pricing modifications are making news, Harsh Bhatia, Director of VAT at Grant Thornton UAE, points out that there are also upcoming changes in the UAE’s VAT system.

ANY QUESTIONS?

Is tax automation required in the UAE? Dhana Pillai from DP Taxation Consultancy examines the requirements, assistance, and strategies that are boosting the adoption of tax automation software in the UAE.

Want to receive future editions? Subscribe here!

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

Lexis Middle East Gulf Tax_Spring 2025

Have you read the Lexis® Middle East Gulf Tax – Past editions? Click the links below to access them.

Lexis Middle East Gulf Tax | Winter 2024

Lexis Middle East Gulf Tax | Autumn 2024

Lexis Middle East Gulf Tax | Summer 2024

Lexis Middle East Gulf Tax | Winter 2023

UAE: Streamlines Tax Dispute Process for Government Entities

07/03/202507/03/2025
by Hannah Gutang

A new Cabinet Decision has been issued by the UAE government, aiming to streamline the procedures for government entities involved in tax disputes.

The decision, known as Cabinet Decision No. 12/2025, was published on 14 February 2025 and will come into effect on 14 April 2025.

It provides a structured framework for federal and local government entities to manage objections and appeals related to VAT on transactions conducted in their sovereign capacity.

The decision outlines that government entities must submit objections to the Tax Disputes Resolution Committee (TDRC) within 40 working days of receiving a decision from the authority.

Notably, these entities are not required to settle VAT and administrative penalties before submitting an objection.

The TDRC is mandated to decide on objections within 20 working days, and its decision is final if the total tax due and administrative fines do not exceed AED 100,000.

In terms of appeals, government entities or the authority can appeal TDRC decisions to the federal courts within 40 working days.

However, it is mandatory for the government entity to settle the VAT disputed with the authority before submitting the appeal.

Administrative penalties must be settled once a final binding decision is issued by the federal court.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Sharjah: Consultative Council Approves Recommendations on Health Policies

06/03/202507/03/2025
by Hannah Gutang

The Sharjah Consultative Council (SCC) has endorsed recommendations aimed at advancing the Sharjah Health Authority’s policies.

The recommendations propose granting the Health Authority increased flexibility in hiring specialised medical professionals, with a focus on prioritising UAE nationals to elevate healthcare quality.

The proposals have highlighted the importance of collaborating with Emirates Health Services and other institutions to establish new hospitals and medical facilities.

The Council has stressed the necessity of implementing stringent regulations for the private healthcare sector, empowering the government to licence healthcare providers, oversee medical facilities, and ensure services meet global quality standards.

In line with Sharjah Emiri Decree No. 12/2010, which established the Sharjah Health Authority, the Council called for the consolidation of all government healthcare services under the authority to enhance integration and improve overall efficiency in the emirate’s healthcare system.

To enhance emergency and critical care services, the Council has recommended strengthening hospital facilities and introducing advanced ambulance services in collaboration with relevant authorities to ensure rapid medical intervention.

It also highlighted the importance of improving autism and addiction treatment centres.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Saudi Arabia: Approves Major Regulatory Amendments for Car Rental Sector

06/03/202506/03/2025
by Hannah Gutang

Saudi Arabia has Approved Key Amendments to Car Rental and Rental Broker Regulations.

A key change clarifies the definition of “reservation,” aligning it with the digital booking process.

Financial requirements now include a SR100,000 guarantee for rental companies, with exemptions for entrepreneurial establishments to support small businesses.

The removal of restrictions on renting cars with a driver and the elimination of hourly rentals offer greater flexibility.

The minimum rental duration with a driver is now set at six hours.

New penalties enforce compliance, requiring rental companies to provide proof of vehicle receipt when contracts remain open due to financial obligations, with a SR1,000 penalty for non-compliance.

Contracts must be issued through the designated electronic system, with a SR4,000 fine for violations.

Reporting stolen vehicles now terminates the rental contract, with a SR3,000 fine for non-compliance.

Operating with an expired licence incurs a SAR5,000 fine, and requiring tenants to sign additional documents beyond the official contract results in a SR3,000 fine.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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