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1.

MAURITIUS: Investors in Innovative Sectors Courted with Tax Breaks

26 Aug 2019

Companies can now enjoy lengthy tax holidays on income derived from innovative technologies developed in Mauritius. Sectors set to benefit include information technology, e-commerce, banking and energ...Read More

2.

BAHRAIN: Central Bank Issues Rules on Insurance Aggregators

23 Aug 2019

The Central Bank of Bahrain (CBB) has issued new rules and clarification on insurance aggregators as the country moves towards further adoption of insurance technology (insurtech)....Read More

3.

SAUDI ARABIA: New VAT Regulations Introduced for Non-Residents

12 Aug 2019

The Kingdom of Saudi Arabia has amended the rules covering its assessment and collection of value-added tax (VAT) as given in its Implementing Regulations published last year. The changes should make ...Read More

4.

KENYA: Tax Declarations Now Required for Work Permit Applications

30 July 2019

All Kenyan work permit renewal applications must now be accompanied by an Individual and Company Tax Compliance Certificate (TCC)....Read More

5.

UAE: 1,500 Government Fees Abolished or Reduced

22 July 2019

The United Arab Emirates is cancelling/reducing government fees on around 1,500 government services as part of efforts to make the business environment more efficient and to attract a higher level of ...Read More

6.

EGYPT: First Personal Data Protection Law Passed

3 July 2019

Egypt has passed a new law protecting personal data privacy, the country’s first such legislation. The Personal Data Protection Act is aimed at protecting data and privacy for all Egyptian citizens, a...Read More

7.

TANZANIA: New Regulations Introduced Affecting International Electronic Payments

11 June 2019

The Tanzanian government introduced new regulations on 24 May 2019 designed to clamp down on money laundering. They list the new information and compliance requirements that must now accompany all int...Read More

8.

RWANDA: New Residency Rule May Impact Tax for Foreign Companies

23 May 2019

The Rwandan government has issued four ministerial orders on taxation. The four orders address requirements for loss carry-forward beyond the normal period, simplified accounting for small businesses,...Read More

9.

OMAN: Changes to Income Tax Regulations

17 May 2019

The long-awaited income tax law amendments came into effect on 11 February 2019. The amendments were a clarification of the changes made in February 2017 that applied 10% withholding tax (WHT) on paym...Read More

10.

BAHRAIN: New Data Protection Law to Take Effect from 1 August

16 May 2019

Bahrain is set to implement the Personal Data Protection Law No. 30 of 2018, one of the four new laws designed to help boost foreign direct investment (FDI) inflows to the Gulf state....Read More

11.

OMAN: New Company Registration Law Enacted

15 May 2019

Oman’s new Commercial Companies Law comes into effect in April, bringing all matters related to listed companies (other than registrations) under Capital Market Authority jurisdiction....Read More

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