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As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, governments are actively working with global and local health authorities to implement nationwide measures to help curb transmission and mitigate virus-related risks as well as offer relief for businesses and individuals in these challenging times. In response, businesses and government institutions across the UAE are taking necessary action to minimise the impact of the pandemic on their operations, workforce and supply chains, in…

What has changed? The Ministry of Commerce and Investment in Saudi Arabia (MoCI) adopted the Implementing Regulations of the E-Commerce Law, with immediate effect on 31 January 2020, to accompany the recent shift towards electronic transactions that commerce is experiencing globally which helps achieve the strategic objectives of Vision 2030. Objectives The new regulations aim to (i) increase confidence in e-commerce transactions; (ii) provide consumers necessary protections against fraud, deception and misinformation; and (iii) boost…

The taxation of the digital economy is one of the focus areas of the OECD’s BEPS project, and many countries in the Middle East and Africa are increasingly introducing changes to their tax rules or considering avenues for imposing taxes in relation to digital economy earnings. It is critical for companies to fully understand the local tax regimes across the region and the impact of global developments on the future of taxation of digital services.