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KPMG Fakhro GCC Tax News – 21 September 2023

Bahrain

  • National Bureau for Revenue (NBR) releases new VAT deregistration manual
  • NBR conducts 204 inspection visits in August 2023
  • Introduction of Carbon Border Adjustment Mechanism (CBAM) regulation for specified goods

Kingdom Saudi Arabia (KSA)

  • Zakat, Tax and Customs Authority (ZATCA) proposes draft Zakat executive regulations

United Arab Emirates (UAE)

  • Federal Tax Authority (FTA) introduces reverse charge mechanism (RCM) on supply of electronic devices
  • FTA conducts Maskani virtual workshop

Source: KPMG

 

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