Oman Treaty Network Updates
Oman has signed new or amended tax treaty agreements to avoid double taxation and prevent tax evasion with various countries.
Oman has signed new or amended tax treaty agreements to avoid double taxation and prevent tax evasion with various countries.
President Trump issued an Executive Order on April 2, 2025, imposing a 10% customs duty on goods imported into the US from all countries, with higher duties up to 50% on imports from specific countries. These tariffs take effect on April 5, 2025, for all countries and on April 9, 2025, for the specific countries with significant trade deficits with the US, as enumerated in Annex I of the Executive Order. Middle Eastern countries like the UAE and KSA will face a 10% tariff, while others like Jordan and Iraq will face higher rates. Middle East businesses should evaluate the impact of the new tariffs, assess customs and trade options, monitor trade policy changes, implement compliance systems, and review legal obligations with suppliers.
The UAE Ministry of Finance has issued Ministerial Decision No. 64 of 2025 (the Decision), setting out the eligibility criteria and accreditation procedure for service providers under the UAE’s upcoming eInvoicing system. The Decision can be found here.
As covered in our previous PwC Tax Alert issued on 4 October 2024, Cabinet Decision No. 100 of 2024 amended several provisions of the UAE VAT Executive Regulations with effect from 15 November 2024.
The Zakat, Tax and Customs Authority (ZATCA) has published the draft Implementing Regulations for the Real Estate Transaction Tax (RETT). This follows the earlier issuance of the new RETT Law, which will take effect on 9 April 2025. The draft Implementing Regulations were published on the Public Consultation Platform of the National Competitiveness Center on 15 February 2025, and stakeholders are invited to provide feedback by 15 March 2025. Interested stakeholders are encouraged to participate in the public consultation process and share their feedback through istitlaa portal within the
On 13 February 2025, Law No. (3) of 2025 (“the Law”) on “Taxation of extractive and non-extractive natural resources companies operating in Sharjah” was issued. This Law specifies the principles governing taxability of the relevant companies and activities, tax calculation, filing and payments, and other tax matters. The below summary is based on the unofficial translation of the Arabic version.
The UAE Cabinet has recently issued Decision No. 12 of 2025, hereinafter referred to as 'the decision', which aims to regulate the procedures for government entities objection and appeal in tax disputes. The decision will come into effect on 14 April 2025, providing a clear framework for certain government entities to follow when raising objections or filing appeals in tax matters.
On 15 February 2025, Saudi Arabia’s Minister of Finance issued Ministerial Resolution No. 947, reactivating the application period for early adoption of the new Implementing Regulations for Zakat Collection (Bylaws)
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VAT Public Clarification VATP040 amendments to the Executive Regulations of Federal Decree-Law No.8
UAE CT Compliance Webinar Series | Part Three: Transfer Pricing Compliance
UAE CT Compliance Webinar Series| Part Two
The UAE has issued its legislation to implement the Pillar Two global minimum tax rules in the form of a Domestic Minimum Top-up Tax (“DMTT”) for large multinational enterprises (“MNEs”). Our webinar discussed the key features of the UAE's DMTT regime and how you can prepare for its application.
UAE Corporate Tax Compliance
This webinar provides some of the immediate steps that need to be taken to ensure compliance with the DMTT Law and its Executive Regulations.
As we approach the end of the first year that the KSA Transfer Pricing regulations apply to Zakat payers (from 1 January 2024), we are seeing significant interest and need by businesses to ensure that they are ready to meet their obligations and take advantage of any Transfer Pricing planning opportunities that exist.
التعامل مع تحديات تسعير المعاملات في المملكة العربية السعودية