On 28 May 2014, the International Accounting Standards Board (IASB) published IFRS 15 Revenue from Contracts with Customers. IFRS 15 sets out a single and comprehensive framework for revenue recognition, which supersedes (IAS 18 Revenue and IAS 11 Construction Contracts) and the accompanied...
For all the important tax news in the GCC, check out our tax newsletter for Quarter 3, 2022. Highlights include the transfer pricing consultation in Saudi Arabia, the VAT inspection campaign in Bahrain, and updates from the UAE, Oman and Kuwait.
Kuwait Signs a Treaty For Avoidance of Double Taxation with UAE: On 30 August 2022, the Ministry of Finance in Kuwait announced that the State of Kuwait has recently signed a treaty for the avoidance of double taxation (“the tax treaty”) with the United Arab Emirates (“UAE”). The tax treaty...
Foreign Property Ownership: A GuideMark Pollock, Director - Tax and Advisory, BDO in AustraliaAs global mobility increases it is becoming common for high net wealth families to own homes in a number of countries, as well as investing in commercial and other real estate outside of their country...
Our Managing Partner Mr. Qais M. Al Nisf shares his insights on the recent changes in the practice of Kuwait tax department when apply the Zakat Law No.46 of 2006 and how this may impact GCC companies doing business in or with Kuwait. The article was published in Kuwait Accountants & Auditors...
Welcome to the 2020-1 BDO Forensics Global Fraud SurveyFraud has become one of the largest generators of losses at corporations, non-profits and governmental agencies, exacerbated by pressures and opportunities from the global pandemic. At BDO we believe in the sharing of best practices, anti...
Our audit and tax departments are growing and we are looking for the right individuals to join the BDO family.Requirements:-Degree in Accounting, Finance or similar fields.-CPA, ACCA, CMA, CTA, CA preferred.-Prior experience in audit or tax in a global accountancy firm.-Excellent communication...
A new programme of international research in taxTake part in a leading study that touches on the most common issues business leaders are grappling with today, in TaxBDO are delighted to announce the launch of a new programme of international research in tax in 2020. Spanning more than fifty...