With Middle Eastern countries increasingly adopting international standards, Nauman Ahmed, John Belsey and Alex Law of Deloitte uncover the tax changes that have dominated the Middle East for the past 12 months with particular attention to Egypt, Saudi Arabia and Yemen.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap