Understanding the Common Reporting Standard (CRS)

For some time now, countries worldwide have been engaged one way or another in the exchange of information between tax administrations in order to combat global tax evasion and other forms of non-compliance. The importance of automatic exchange of information (AEOI) to combat cross border tax fraud has been recognized at an international level and, […]

Glossary of business abbreviations

              There is no doubt that doing business internationally is, most of the time, a confusing and complicated process. Fortunately getting a good grasp of the key terms isn’t all that difficult. When you need a clear and fast comprehension of the most usual terms and abbreviations used in the […]

United Arab Emirates – The place for business

                When we talk about the United Arab Emirates, we talk about a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras-al-Khaimah, Sharjah and Umm-Al-Quwain, which assemble a politically stable country that offers foreign investors excellent opportunities to develop their own projects. The U.A.E. has been listed […]

Introduction of VAT in the GCC

              The Bahrain Minister of Finance Shaikh Ahmed bin Mohamed Al Khalifa has confirmed Bahrain signed the GCC’s unified VAT agreement on Wednesday, February 1, 2017. Bahrain is the second GCC state after Saudi Arabia to officially announce the adoption of the unified GCC VAT regime which is expected […]

Common Reporting Standard (CRS)

        Everybody involved in the financial & tax advisory business has been for a while now, made aware of “The Common Reporting Standard”. But what is it actually and how can a regular individual (or business) understand the meaning and implications of it, now that it is an on-going worldwide regulatory project? […]