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Tax

Tax latest

German Volkswagen sues India over $1.4B tax bill
February 2nd, 2025 - 09:43 GMT
Reema Tuqan

Reema Tuqan

German Volkswagen sues India over $1.4B tax bill

ALBAWABA – Volkswagen, the German multinational conglomerate known for manufacturing passenger and commercial vehicles, motorcycles, engines, and turbomachinery, has announced that it is suing India over a $1.4 billion tax bill. Volkswagen sues India The German automaker has announced it is suing Indian authorities over a $1.4 billion tax bill, according to Reuters. Volkswagen claims that these tax regulations contradict New Delhi's import taxation rules and will significantly affect the ...
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The taxpayer who applies for the provisions of the income tax law may not re-apply for simplified tax treatment until after five years.
September 9th, 2019 - 07:30 GMT

Egypt Includes Tax Incentives for SMEs in New Draft Law

The introduction of value added tax (VAT) in the Kingdom at the start of 2018 lifted the annual inflation rate to 2.5 percent from minus 0.9 percent the previous year
August 29th, 2019 - 09:34 GMT

Savings' Tax: Potential Measure to Spur Growth in Saudi Arabia

Google and Facebook can have a say in deciding how they are taxed and how much they should have to pay.
August 22nd, 2019 - 12:07 GMT

India Plans to Follow France's Lead and Start Taxing Tech Giants

A tax of 100 percent will be also levied on electronic smoking devices.
August 21st, 2019 - 07:04 GMT

UAE to Introduce Tax on Sugary Drinks, E-Smoking Devices Next Year

The selective tax on tobacco, its derivatives, energy drinks, alcoholic beverages and pork was 100 per cent applied
June 20th, 2019 - 08:30 GMT

Oman Slashes Tax on Alcohol

The countries will seek to reach a final agreement in 2020.
June 1st, 2019 - 09:00 GMT

G20 Countries Mull New Tax Policy for Tech Giants

IMF confirmed that reforms have started to yield positive results.
May 16th, 2019 - 11:11 GMT

IMF Suggests Raising VAT in Saudi Arabia, UAE

Egypt introduced a Value Added Tax (VAT) regime in 2016, replacing a 10 percent Sales Tax.
May 16th, 2019 - 09:56 GMT

Advertisers on Social Media to Pay 18 Percent Tax in Egypt

The Capital Market Authority has suspended a ten per cent tax on dividend income
May 14th, 2019 - 09:00 GMT

Oman Suspends 10 Percent Tax to Boost Foreign Investments

Cars were very affordable for low- and middle-income citizens, but now their price will go up at least JD3,000—8,000 per vehicle.
May 1st, 2019 - 07:35 GMT

Electric Car Sales in Jordan Plummet by 70 Percent Due to New Tax

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