Page 18 - ICAI UAE TAX UPDATE_October 2024

Kingdom of Saudi Arabia (KSA) Qatar

Guides on VAT Refund for Non-Profit Sector and Zakat Protocol to Norway Tax Treaty: Qatar ratified amendments
Regulations: ZATCA published resources to support VAT to its treaty with Norway, streamlining tax terms for
compliance and streamline zakat collection for the non- businesses operating between the two countries.
profit sector and businesses.
Qatar has taken a significant step in strengthening its
The ZATCA has released comprehensive guidelines international tax framework by ratifying amendments
addressing VAT refund procedures for the non-profit to its Double Tax Avoidance Agreement (DTAA) with
sector and Zakat regulations for businesses, aimed at Norway, marking an important development in
enhancing compliance and operational efficiency. For bilateral tax relations between the two nations. The
non-profit organizations, the VAT refund framework protocol introduces modernized provisions aligned
outlines specific eligibility criteria, including proper with international tax standards, including updated
registration status and documentation requirements, mechanisms for preventing tax evasion, enhanced
while detailing refundable items such as charitable clarity on permanent establishment rules, and revised
operation expenses and capital assets. withholding tax rates on cross-border payments such as
dividends, interest, and royalties.
Workshops on Tax and Zakat: ZATCA announced
workshops covering profit margins on used car sales,
VAT, and e-commerce, reinforcing tax education and
sectoral compliance.

Oman

Auditor Registration Requirement: OTA mandated all
legally licensed auditors register by 31st December 2024
to ensure regulatory compliance and maintain standards
in tax advisory services.

18 www.icaidubai.org

UAE TAX UPDATE NEWSLETTER ISSUE 07 - October 2024