News

Oman: Tax Authority urges to submit tax returns by end of this month

03 Aug 2023 | BMS Auditing Oman

Oman Tax Authority urges Tax Payers to submit VAT/ Tax returns for the Financial Year 2022 within Two weeks in August 2023 to avoid Tax Fines & Penalties.

Oman Signs Double Tax Treaty with Russia

12 Jun 2023 | BMS Auditing Oman

The Oman-Russia Double Tax Treaty was signed in 2001, and it is expected to be ratified this year and come into force by January 1, 2024.

UAE clarifies corporate tax on Residents undertaking a business or business activity

17 May 2023 | BMS Auditing Dubai

Individuals conducting business activities will be subject to Corporate Tax registration only if their turnover exceeds AED 1 million in a calendar year.

UAE Clarifies Corporate Tax Registration and Application for Exemption

05 May 2023 | BMS Auditing Dubai

UAE issued decision on timeline for Corporate tax exemption application for exempted entities.

UAE Issues Corporate Tax Exemption for Public Benefit Entities

25 Apr 2023 | BMS Auditing Dubai

The CT exemption for Public Benefit Entities would be effective from the beginning of the Tax Period

Oman Lawyers and Law Firms must submit Audit Report, Says MJLA

13 Apr 2023 | BMS Auditing Oman

MJLA requests all civil law offices and companies to provide a financial audit report for the year 2023 within two weeks from the issuance of the circular.