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TME Services

  • The New Proposed Income Tax Law and the Zakat & Tax Procedures Law Published by ZATCA

    • 17.11.2023
    • Posted by: Omar Sami
    • Category: Saudi Arabia
    No Comments

    The Zakat, Tax, and Customs Authority (ZATCA) of Saudi Arabia has proposed updates to the Income Tax Law and Zakat & Tax Procedures Law, aiming to enhance tax regulation alignment with international standards, attract foreign investment, and stimulate domestic economic growth in accordance with Vision 2030.

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  • Unlocking Opportunities: Diriyah’s Transformative Journey

    • 15.11.2023
    • Posted by: Derya Bandak
    • Categories: Legal, Saudi Arabia
    No Comments

    The Diriyah Gate Development in Saudi Arabia, with a $10 billion investment unfolding in 2024, is set to transform Diriyah into a leading tourist destination, enhancing its UNESCO World Heritage status and boosting local and international business opportunities.

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  • Saudi Arabia Urges Companies to Relocate Regional HQs and Offers Incentives

    • 14.11.2023
    • Posted by: Omar Sami
    • Categories: Legal, Saudi Arabia
    No Comments

    Saudi Arabia is incentivizing foreign companies to establish their regional headquarters in the Kingdom by January 1st, 2024, with benefits such as a 10-year exemption from Saudization and lifted visa restrictions, to align with Crown Prince Mohammed bin Salman’s Vision 2030 initiative.

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  • TME Services and TME Legal Consultants at the ETL GLOBAL Conference 2023 in Berlin

    • 09.11.2023
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Tax
    No Comments

    The ETL GLOBAL Conference 2023, held in Berlin, focused on “Managing the Professional Service Firm” and offered a platform for sharing knowledge on the global legal and tax landscape, with TME Services presenting insights into the GCC market.

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  • Vision 2030: Building the Foundation for a Thriving 2034 FIFA World Cup

    • 08.11.2023
    • Posted by: Omar Sami
    • Categories: Dubai, Tax
    No Comments

    Saudi Arabia’s Vision 2030 lays a robust groundwork for the nation’s ambitious transformation, setting the stage for a successful 2034 FIFA World Cup through strategic economic, social, and infrastructural advancements and offering vast opportunities for global businesses to thrive in the lead-up to the event.

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  • Ensuring Tax Security in UAE Free Zones: A Recent Supreme Court Ruling

    • 07.11.2023
    • Posted by: Derya Bandak
    • Categories: Dubai, Tax
    No Comments

    The Federal Supreme Court’s judgment clarified that the local law does not restrict or specify the federal law issued by the federal authorities; rather, they operate within a framework of legislative integration and synergy.

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  • Navigating Intra-Group Loans – Transfer Pricing Rule in the UAE

    • 04.11.2023
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Tax
    No Comments

    Navigating intra-group loans in the UAE requires understanding transfer pricing rules, ensuring arm’s length pricing, analyzing credit ratings, considering the benefits of group affiliation, and benchmarking against third-party loans to achieve compliance under the Corporate Tax Regime.

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  • Tax Planning in the UAE under the Corporate Income Tax Regime

    • 31.10.2023
    • Posted by: Omar Sami
    • Categories: Dubai, Tax
    No Comments

    The CIT regime in the UAE reshapes the tax landscape, introducing a 9% rate for incomes over AED 375,000 and offering various provisions and exemptions that businesses should strategically navigate to ensure compliance and optimize profitability.

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  • Saudi Arabia Will Allow Foreign Law Firms to Consult on KSA Law

    • 29.10.2023
    • Posted by: Derya Bandak
    • Categories: Legal, Saudi Arabia
    No Comments

    The decree issued by the Council of Ministers in 2022 marks a significant shift in Saudi Arabia’s legal landscape, allowing foreign law firms to establish offices and provide consultancy on Saudi laws, thus fostering international collaboration and economic growth.

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  • Taxable Non-Resident Persons in the UAE

    • 27.10.2023
    • Posted by: Uwe Hohmann
    • Categories: Accounting, Dubai, Tax
    No Comments

    The United Arab Emirates (UAE) has implemented a Corporate Tax regime for non-resident individuals and entities, subjecting them to taxation based on specific criteria for their presence and income sourced within the UAE.

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