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Laya Aoun-Hani

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The COVID-19 pandemic continues to have a heavy impact on the global economy. The spread of the virus is constraining the supply and demand for goods and services. As a result, companies are considering the potential cancellation of contracts and the impact on their cash flows. In this special edition of the Middle East Tax Newsletter, we set out the VAT aspects of the potential cancellation of contracts. We also provide suggestions to optimize cash…

Leading international law firm Baker McKenzie is pleased to announce that it took home eight regional and national awards at the 15th annual International Tax Review (ITR) European Tax Awards, including the first ever “GCC Tax Firm of Year” award. Firms and in-house tax teams from 26 countries competed for these awards, which were presented during a gala dinner at London’s Savoy Hotel on 16 May 2019.

In the past year the United Arab Emirates (UAE) has witnessed a number of important developments in the area of compliance and financial crime which will have a significant impact on the risk exposure of companies operating in the UAE for the foreseeable future. Over time, collectively, these changes will have a profound impact on the compliance environment in the UAE, particularly as it relates to financial crimes, and companies can no longer approach compliance issues casually.