Sommaire
SPECIAL EDITION: VAT IN THE GULF REGION
Dear Readers, The third edition of the MENA Business Law Review for 2017 is a special one. In light of the upcoming implementation of Value Added Tax - VAT (1 January 2018)in the six countries that...
N°4 - 16 décembre 2022
N°4 - 16 novembre 2018
N°3 - 16 septembre 2018
N°2 - 16 avril 2018
N°1 - 16 janvier 2018
N°4 - 19 novembre 2017
N°4 - 19 mai 2017
N°2 - 24 mars 2017
N°4 - 16 février 2017
N°1 - 24 janvier 2017
N°3 - 14 octobre 2016
N°2 - 16 août 2016
N°1 - 9 mai 2016
EDITORIAL
SPECIAL EDITION: VAT IN THE GULF REGION
Dear Readers, The third edition of the MENA Business Law Review for 2017 is a special one. In light of the upcoming implementation of Value Added Tax - VAT (1 January 2018)in the six countries that...
ÉDITION SPÉCIALE : LA TVA DANS LA RÉGION DU GOLFE
Chers lecteurs, Cette 3e édition 2017 de la MENA Business Law Review est un hors-série consacré à la taxe sur la valeur ajoutée (TVA). Dans le contexte de l'implémentationprochaine (1er janvier 2018)...
LEGAL ROUND UP News
United Arab Emirates
UAE Tax Procedures Law Issued Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi has issued Federal Law No. 7/2017 (the Tax Procedures Law). Once it comes into force,...
Saudi Arabia
Expat Tax in Saudi Arabia The Council of Ministers has approved new fees as part of the Fiscal Balance Program adopted in December 2016. On 1 July 2017, Saudi Arabia started collecting a new tax from...
New Zealand Courts Find that the Bahrain Chamber for Dispute Resolution is a Court
Charles Russell Speechlys assisted a leading Bahrain Bank (the Bank) in obtaining a groundbreaking judgment in the courts of New Zealand confirming that the Bahrain Chamber for Dispute Resolution...
Draft Bahrain Secured Transactions Law
On 18 July 2017, the Central Bank of Bahrain issued a draft of the proposed Secured Transactions Law for consultation (the Draft Law). The Draft Law has been developed in conjunction with the Bahrain...
Real Estate and Construction Disputes The Fast Track
On 3 August 2017, the Real Estate Sector Regulation Law (Decree No. 27/2017 - RESR Law) was published in Bahrain's Official Gazette No. 3325. Chapter 1 of the RESR Law comes into force one month after...
Mediation under the Consumer Protection Act
On 7 March 2017, the Ministry of Economy & Trade issued Decision No. 50/1/A.T. related to the appointment of mediators to resolve disputes arising out of the Consumer Protection Act, and determining...
Regulated Functions in Banking and Finance
The Central bank has amended Basic Decision No. 9286 by virtue of Intermediate Decision No. 12631 dated 10 August 2017. The Intermediate Decision amended Basic Decision No. 9286 in the following...
Egyptian Financial Supervisory Authority, Board of Directors Decision No. 76/2017
This decision is an amendment to EFSA's Board of Directors Decision No. 11/2014, in regards to the rules governing listing and delisting of financial papers on the Egyptian Stock Exchange (EGX)....
Egyptian Financial Supervisory Authority, Board of Directors Decision No. 68/2017
The decision is in regards to amending the regulations in regards to companies' use of special reserve as set out in Annex 1 of EFSA's Board of Directors Decision No. 27/2017. Article 1 allows...
FEATURES
VAT in the GCC The Issues Explored
It has been an honour to be the Consulting Editor for this Special Edition of the MENA Business Law Review on VAT. It has also been an eye-opener. The first revelation was the keenness with which the...
The New VAT Laws and Regulations in KSA and the UAE
Since the publication of the GCC Unified Agreement on VAT, laws and regulations have been published by two of the six GCC countries: Saudi Arabia (KSA), and the United Arab Emirates (UAE). KSA has...
GCC VAT: Rates Roadmap
he application of VAT to different products and at different rates is not an exact science. Due to the varied aims of taxation from revenue raising to social redistribution achieving a favourable...
The Competing Paradigms of VAT Neutrality
VAT Neutrality and the Importance of the Right of Deduction and Repayments, especially for Small - and Medium-Sized enterprises Neutrality is regarded as the cornerstone of the functioning of the VAT...
VAT Neutrality and Tax Fraud - The European Example
For states to combat tax fraud and to ensure the neutrality of VAT, two actions are necessary. A study of the European model shows that on the one hand, tax audits must be carried out and on the other...
Applying VAT to Financial Services
Financial services are difficult to tax under a VAT. Because of this, services provided in the financial sector are either broadly, as in the European Union, or more narrowly, as in South Africa or...
VAT Implementation: Change Management and Business Impact
Few changes within the Gulf Cooperation Council in recent times have had the potential to generate as much impact as the introduction of VAT. This article looks at the change and how it may affect...
VAT, a Modern Tax Revenue for the Treasury the Lebanese Case
In less than half a century value added tax has become one of the most dominant income sources in the world. Since its relatively inefficient beginnings in the early twentieth century, VAT has been...
Is Europe a Good Example with its 60 years of Experience in VAT?
The current EU legislation may have been the basis for the GCC VAT Framework Agreement, but when unanimity is required to change legislation, the European Union is not a good example. Implementing VAT...
Can an Advocate General Help to Promote Legal Uniformity in the VAT Levied by the Gulf States?
The GCC and its Member States are moving to adopt VAT laws whereby, for the first time, indirect taxation of general application will be introduced in a coordinated manner throughout the Gulf region....
LEGAL EVENTS
Legal Conferences
UNITED ARAB EMIRATESU ntil November 2017 Dubai Certificate in Human Resource Law & Practice The DIFC Academy of Law and LexisNexis, in association with Stephenson Harwood Middle East LLP organise a...
LexisNexis on the Ground
LexisNexis - Partner of the Domestic and International Arbitration Law MOOC Created at the Faculty of Law and Political Science of Montpellier in 2014 by Caroline Duclercq (Atlanta Law Firm, Partner)...
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