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News

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

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.

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Oman Signs Double Tax Treaty with Russia

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.

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

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

17 May 2023 | BMS Auditing UAE

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

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UAE Clarifies Corporate Tax Registration and Application for Exemption

UAE Clarifies Corporate Tax Registration and Application for Exemption

05 May 2023 | BMS Auditing UAE

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

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UAE Issues Corporate Tax Exemption for Public Benefit Entities

UAE Issues Corporate Tax Exemption for Public Benefit Entities

25 Apr 2023 | BMS Auditing UAE

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

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

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.

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MoF announces Relief for Small Businesses from Corporate Tax UAE

MoF announces Relief for Small Businesses from Corporate Tax UAE

08 Apr 2023 | BMS Auditing UAE

The Ministry of Finance issued a cabinet decision on Small Business Relief for Corporate Tax and business purposes (“Corporate Tax Law”). 

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Qatar's GTA extends Tax Return filing to May 2023

Qatar's GTA extends Tax Return filing to May 2023

01 Apr 2023 | BMS Auditing Qatar

The date of submitting the Tax Return for the Year 2022 in Qatar has started

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UAE: FTA Opens Pre-Registration for Corporate Tax through EmaraTax Platform

UAE: FTA Opens Pre-Registration for Corporate Tax through EmaraTax Platform

23 Jan 2023 | BMS Auditing UAE

The FTA opens pre-registration for corporate tax through the EmaraTax platform starting from January 2023. 

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