| 10 January 2017
In this edition, we highlight the latest tax developments in the UAE, with a special focus on the implementation of the automatic exchange of information. The UAE Ministry of Finance issues Guidance Notes for the Common Reporting Standard (CRS)
The Guidance Notes for the Common Reporting Standard (CRS) were issued by the Ministry of Finance and clarify the CRS options chosen by the UAE.
To read more, click here.
Double Tax Treaty Factsheet Recent developments in the UAE double tax treaty network
A number of double tax treaties have become effective on 1st January 2017, including: - Romania – UAE double tax treaty;
- South-Africa – UAE double tax treaty;
- United-Kingdom – UAE double tax treaty for tax withheld at source. The provisions related to other taxes will become effective on 1st April 2017;
- Uruguay – UAE double tax treaty for the provisions related to the withholding and other tax matters.
Click here for the link to our double tax treaty factsheet. Amendments to the Harmonized Commodity Description and Coding System (HS) Nomenclature effective from 1 January 2017
The new version of the HS Nomenclature entered into force on 1 January 2017, triggering numerous changes to the Unified GCC Customs Tariff.
To read more, click here. The UAE MoF hosted a tax workshop on the “Practical Application of Recent Tax Treaty Developments”
The Ministry of Finance (MoF) with the assistance of the Organization for Economic Cooperation and Development (OECD) recently held a three-day workshop on the Practical Application of Recent Tax Treaty Developments.
To read more, click here.
WTS Global
We are pleased to announce that M/HQ is now the new local partner of WTS Global for the UAE
WTS Global is a global network of selected consulting firms represented in more than 100 countries worldwide. Within their service portfolio WTS partner firms are focused on tax, legal and consulting. WTS clients include multinational groups, national and international medium-sized companies, non-profit organizations and private clients.
For more information about WTS Global please visit www.wts.com | 