A major update on OECD Pillar Two implementation has been announced with the release of the Pillar Two Side-by-Side Package by the OECD/G20 Inclusive Framework. This package addresses the needs of businesses and tax administrations by reducing complexity and enhancing clarity regarding the Global Minimum Tax (GMT) for multinational enterprises. It includes a series of […]

ZATCA has published a comprehensive VAT guideline explaining the provisions newly added to article 47 of the VAT regulations with respect to the deemed suppliers in the online marketplaces. The guideline aims to clarify the VAT treatment/provision related to E-Commerce (online market place) according to Article 9 of the VAT law and Article 47 of […]

Kuwait Issues Executive Regulations on Pillar Two Following the issuance of Decree-Law No. 157 of 2024, which introduced a Domestic Minimum Top-up Tax (DMTT) regime in line with the OECD’s Pillar Two framework, the Kuwaiti Ministry of Finance (MOF) has now released the long-anticipated Executive Regulations through Ministerial Decree No. 55 of 2025, dated 29 […]

The Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a resolution by the Minister of Finance extending the validity of the financial penalties waiver initiative. The initiative aims to support taxpayers by exempting them from various penalties under all applicable tax laws, effective from 1 July 2025 until 31 December 2025. The […]

The Ministry of Municipal and Rural Affairs and Housing has introduced significant amendments to the White Land Tax (WLT) Law. These changes are designed to increase land development, optimize urban expansion, and address the shortage in residential supply. This Tax Alert provides a comparative overview of the key changes under the New Law versus the […]

Zakat, Tax and Customs Authority has formally published amendments to the VAT Implementing Regulations in the Umm Al Qura Gazette available in Arabic language. These updates aim to improve tax administration, clarify VAT interpretations, and ease compliance for businesses. Given their significance, the amendments require prompt compliance assessment and action from affected sectors.The new regulation […]

After the issuance of the Real Estate Transactions Tax law in the kingdom of Saudi Arabia under Royal Decree No. (M/84) dated 19/3/1446, the Board of Directors of the Zakat, Tax and Customs Authority (ZATCA) approved the new executive regulation for that law on 3/11/1446. The new regulation includes mainly the following: Definitions for several […]