The IRS has extended the FATCA certification deadline and published new FAQs. For more details, please read our FATCA Newsflash.
Our second webinar series starts next week! Aimed at Saudi businesses, our first webinar on Thursday, 7 May, will discuss the General Authority of Zakat and Tax (GAZT) amnesty on the imposition of tax penalties. Registration links are on this week’s TaxFlash, or contact Fatema Ghaith for more details.
The Keypoint tax team is hosting another webinar series, focusing on Saudi taxes. Information on how to register in this week’s TaxFlash.
The General Authority of Zakat and Tax (GAZT) has recently announced an amnesty on the imposition of tax penalties. This means Saudi businesses have a unique opportunity to correct any tax mistakes without incurring penalties. Read more
The Central Bank of Bahrain (CBB) has extended the deadline to submit Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reports until 31 May 2020 – see CBB directive OG/161/2020. Reporting window will open from 26 April 2020. More details about the updated jurisdictions list and reporting requirements are in our latest newsflash.
Thank you to everyone who joined our successful webinar series. All the recordings have been uploaded on this week’s TaxFlash. Subscribe to stay updated with Bahrain’s market-leading tax team.
Following on from our VAT alert (https://www.keypoint.com/media/files/VAT-alert-TARC-sitting.pdf) on the first sitting of Bahrain’s tax appeals review committee (TARC), Keypoint’s market-leading tax team have mapped the TARC process – from the moment a taxpayer receives a penalty from the tax authority through to accepting a final decision or to opening a court case.
For more details, please contact a member of the tax team.
Our Tax team held their first – very successful – webinar session this morning, discussing VAT returns. Details on how to register in this week’s TaxFlash.