Copy
TaxFlash

14 March 2019
Share
Tweet
Forward
This TaxFlash has been designed to keep our valued clients up-to-date with relevant VAT developments. Please contact the Keypoint VAT team if you have any questions about this TaxFlash. Click here if you'd like to be added to our mailing list.
Bahrain
Saudi Arabia
Oman and the UAE 
  • On 12 March 2019, the European Union broadened its tax haven blacklist to include the UAE and Oman, despite the objections of some EU member states. The UAE and Oman may face stricter EU transaction controls as a result of being added to the blacklist.
Oman
  • On 13 March 2019, His Majesty Sultan Qaboos issued Royal decree 23/2019 promulgating a selective tax law. The tax will be levied at 100% on tobacco (and derivatives), energy drinks, alcoholic beverages and pork and at 50% on soft drinks (excluding non-carbonated drinks). The law comes into effect after 90 days (that is, June 2019).
  • On 13 March 2019, the Secretariat General for Taxation (SGT) announced its participation in the Comex 2019 exhibition taking place on 17-19 March 2019. The SGT will be exhibiting their e-services portal at the exhibition.

Kuwait 
  • No updates for this period 
Qatar
  • No updates for this period
Keypoint's specialist VAT insurance team, which has delivered VAT implementations across the GCC as well as in Malaysia, is hosting a by-invitation only VAT insurance round-table in Manama on 17 March 2019. Please let Fatema Ghaith know if you would like to join us.
Our services
Keypoint assists with VAT implementation, as well as post-implementation services. Our VAT health-checks, advisory retainer support, and VAT return reviews give you comfort that your VAT return preparation process is robust.

Click on the image for more details on how we can assist you with managing your VAT compliance and other obligations - or speak to your regular Keypoint contact for more details:

Mubeen Khadir | Head of Tax
mubeen.khadir@keypoint.com | +973 17206879

Raman Ohri | Senior Manager
raman.ohri@keypoint.com | +973 1720 6814

Sheikh Omar Hisham | Manager
omar.hisham@keypoint.com | +973 17206877

Willem Bam | Manager
willem.bam@keypoint.com | +973 17206875

Tariq Haq | Manager
tariq.haq@keypoint.com | +973 17103478

© 2019 KEYPOINT - DISCLAIMER

TaxFlash is intended to provide general updates in relation to VAT in the GCC. This is not a substitute for professional advice. You should seek appropriate professional advice from a tax advisor before making any decision relating to your particular circumstances.
Our mailing address
Level 24 | NBB Tower
Government Avenue
Manama l Kingdom of Bahrain

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.