Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

Gulf states are invited to automate tax collection

Post new topic   Reply to topic

Go down

Gulf states are invited to automate tax collection Empty Gulf states are invited to automate tax collection

Post by claud39 on Fri Dec 07, 2018 2:29 pm


Gulf states are invited to automate tax collection


Gulf states are invited to automate tax collection Rc_154416674166_23

The responsible tax partner in the Middle East and North Africa region, Ernst & Young, has called on the GCC countries to expedite the preparation of the tax community to apply mechanization in the collection process to reduce waste. 
In an interview with Kuwait News Agency (KUNA), Al-Kilani stressed the importance of good preparation for the training of human cadres of citizens and citizens of the GCC countries to meet the current and future requirements and challenges in this regard. 
He appealed to those in charge of the tax society not only to limit the recruitment of cadres on the technical level, but also to vary the appointments in the various tax departments and departments of those who are knowledgeable and experienced in information technology as they are the main engine of tax systems.
He added that the technological transformation imposed itself strongly in the various tax interests, as we can not say that the tax assessor is the one who performs all the functions of tax work, including advanced systems used in the mechanisms of work, stressing the need for specialists to conduct electronic examination of financiers in the future. 
He pointed out that technological transformation is not one stage, but several stages of up to five advanced in the UK, as the taxpayer does not need to submit a tax return or visit the tax interests, because all the information available on the system, which constitutes all the requirements of the tax return. 
Al-Kilani explained that the GCC countries have passed within the framework of the implementation of the law of value added tax, and this framework provides the minimum texts in each country where the laws are applied where each country has its own challenges and conditions.
He pointed to the successful implementation of value added tax in the Middle East and North Africa, noting that Kuwait has witnessed new developments in the formation of society to use taxes, while Saudi Arabia and the UAE began to apply VAT in January. 
He pointed out that Bahrain will apply this tax early next year, while Kuwait, Qatar and Oman have not set a formal date for the implementation of this tax, but it confirmed its commitment to the unified value added tax framework in the countries of the region. 
He pointed out that the imposition of indirect taxes is left to individual countries, according to their circumstances, but it must be pointed to the challenges of a very large global imposed and coming from abroad «must be obeyed and applied to be part of the outside world».
"For example, America is trying to recoup its investment inward to employ more workers and create opportunities for its citizens. It is also lowering the tax rate and imposing restrictions such as tariffs on imports of some goods, including Chinese," he said. 
He added that applying VAT is an important and positive step towards greater integration and not relying on a source of income from oil revenues. He called on the GCC countries to benefit from the expected revenues of this tax estimated at US $ 25 billion annually. 
He added that the application of the tax is an indicator of the strength of the economy through the declarations submitted. "There are many objectives and the application of value added should not be limited to financial resources only, but it is necessary to look beyond that, which is a tax-conscious society."
He pointed out that the expectations confirm that the Gulf countries are on the way of a comprehensive tax system, noting that «Ernst & Young» has provided many consultations to countries in the region on tax policies. 
He stressed that the development witnessed by the countries of the Arab region and the Gulf, especially in the tax legislation and the adoption of low tax prices in comparison with prices in some countries in the world represents a whole opportunities for investment companies in various fields. 
Al-Kilani described applying the value added tax in the GCC as "the biggest economic transformation faced by companies in the region at all. This tax will have a profound and widespread impact on various aspects of business and on all employees."
VIP Member
VIP Member

Posts : 5806
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top

Permissions in this forum:
You can reply to topics in this forum