A guide on the general outlook of the implementation
The rise of the social enterprise
VAT in the GCC and the impact areas in the implementation cycle
Leadership perspectives from across the globe.
Learn how this new reality is coming together and what it will mean for you and your industry.
Apprehensive millennials: seeking stability and opportunities in an uncertain world.
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Foreign Account Tax Compliance Act (FACTA) and the Common Reporting Standard (CRS) practices in the Middle East
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Foreign Account Tax Compliance Act is a U.S. legislation which aims to combat tax evasion by U.S. persons. The intent behind the law is for Foreign Financial Institutions. As of recently, a large majority of FFIs in the Middle East region are adhering to the FATCA requirements of non-compliance. Following on from FATCA, the Organization for Economic Cooperation and Development (OECD) has formed an initiative for global tax transparency known as the Common Reporting Standard (CRS).