Taking this journey with you
Our comprehensive tax and legal guides to doing business in the Middle East contain all you need to know about setting up or expanding in the region.
The guides are written and researched by experts from our Middle East TLS network, making this PwC’s flagship inward investment initiative, advising companies as they enter, launch and grow across international markets."
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We want to enable clients to focus on business development and growth and have one point of contact in their journey to achieving these goals. As part of PwC Middle East’s regional aims we are here to provide local market experts across multiple disciplines such as tax, legal, accounting, assurance, and consulting.
We want to be your trusted advisor for international development, assist you in navigating the unknown, share insights and create a long term partnership that enables your business to establish a strong presence here in the region.
Prior to entering a new Middle East market, PwC offers comprehensive assessment to identify clients needs and address relevant legal and regulatory implications which might be encountered during the business journey and help clients build the framework of their business.
On 29 December 2024, the Zakat, Tax and Customs Authority (ZATCA) by adopting the decision of the Minister of Finance, has announced further extension of the fines and financial penalties waiver initiative and made this available for taxpayers who wish to submit a voluntary disclosure through their returns and pay the taxes due.
The Government of Kuwait has released the law for the implementation of the Top-up Tax (the “Law”), which marks a significant milestone in the evolution of Kuwait’s tax framework. The Top-up Tax takes the form of a Domestic Minimum Top-up Tax (“DMTT”), and will apply to MNEs that are in scope of Pillar Two. The tax will be imposed in cases where the MNE’s effective tax rate (“ETR”) in Kuwait is below 15%.
We are pleased to share the Quarter Four 2024 edition of PwC’s GCC Indirect Tax Newsletter on the latest developments in the GCC.
The Sultanate of Oman has issued royal decree 70/2024 that introduces a Top-up Tax (the “Law”), which marks a significant milestone in the evolution of Oman’s tax framework. The Top-up Tax takes the form of an Income Inclusion Rule (“IIR”), and will apply to MNEs that are in scope of Pillar Two.
