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KPMG Fakhro GCC Tax News – 09 November 2023

Bahrain

  • Two local businesses fined over BHD 120,000 for tax evasion
  • Introduction of Carbon Border Adjustment Mechanism (CBAM) regulation for specified goods
  • KPMG Tax Seminar on the changing tax landscape in Bahrain and the region

Kingdom of Saudi Arabia (KSA)

  • Zakat, Tax and Customs Authority (ZATCA) reminds taxpayers of cancellation of fines and exemption of penalties
    initiative deadline
  • ZATCA reminds taxpayers subject to the Withholding Tax (‘WHT’) to file their returns by 12 November 2023

Source: KPMG Fakhro

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