Oman fighting hard to deliver development opportunities

After 2020 saw Oman’s economy shrink by 9%, investors are entitled to ask to what extent the nation’s slated $190 billion-worth of...

Consultant

Saudi’s mortgage market to benefit from government tax move, says JLL

JLL has stated that Saudi Arabia’s mortgage market will likely maintain its momentum following the government’s recent move to exempt property deals...

Construction

GCC countries likely to introduce direct and indirect tax in the near future

Industry experts have said that residents and companies must be prepared for new direct and indirect taxes that are expected to be...

Construction

CCS: How we’re helping firms minimise VAT exposure

For many years, the UAE was synonymous with the expression ‘Tax Free’, and in many ways still is (at least in terms...

Consultant

Why KSA contractors may struggle to recover VAT from clients

The introduction of VAT is a key part of the Kingdom’s broader plan to improve fiscal sustainability and diversify government revenues. Due...

Analysis

JLL Report: Affordable housing boosts Riyadh market

The focus on providing more affordable housing continues in the Saudi capital, with the Ministry of Housing announcing it distributed 15,272 affordable...

Consultant

FTA/DLD: Most property transactions will be VAT-exempt

The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have released a statement to confirm that the UAE’s recently introduced VAT...

Analysis

Calculating the impact of VAT

Funding government services and infrastructure projects from (oil) cash reserves is no longer a viable option for GCC governments. Implementing VAT, and...