The Egyptian Government still has not decided how the banking sector will be treated under the new VAT regime, which is expected to be implemented in five months’ time, on October 1 2016.
Ibrahim Al-Assaf, Saudi Arabia’s finance minister, confirmed, on May 4 the member states of the Gulf Cooperation Council (GCC) would implement VAT by 2018.
The International Consortium of Investigative Journalists (ICIJ) has published a database including information about 214,000 offshore entities in 21 jurisdictions.
Congratulations to all the companies, firms and individuals that joined the International Tax Review at the 2016 Asia Tax Awards at the Goodwood Park Hotel in Singapore on May 5.
