A wealth tax on the world's richest people could raise at least $2.52 trillion per year.

While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.

KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021. Reporting a 10 percent increase in US dollar revenues from 2020, this follows an extensive period of investment and focus on priority services and solutions addressing the challenges faced by...

China has launched a sweeping state crackdown on tax evasion and perceived immoral behavior in the entertainment industry. The move has already targeted some of the country's biggest stars, with actors like Fan Bingbing seeing her career on halt since 2018.

The first phase of electronic invoicing in Saudi Arabia has begun, affecting all taxpayers liable to VAT in the Kingdom - excluding those who do not reside there.

The US Treasury has said in a statement that the deal with Turkey "represents a pragmatic solution.”

Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37 billion. His wealth swelled with the recent surge in Tesla's stock price. By selling 10 percent of his shares, he could theoretically earn just under $21 billion. His wealth swelled with the recent surge...

The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them with easy access to information, and allow them to communicate directly with FTA representatives.

Egypt said it will tax social media content creators in a revenue raising exercise as more citizens look to online platforms to make a living.

The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) for the second time in a row.

Saudi Arabia’s e-invoicing project, Fatoorah, will come into force in a little under three months, according to Zakat, Tax and Customs Authority (ZATCA).

Alert officials of the Zakat, Tax and Customs Authority at King Fahd International Airport in Dammam have seized more than 2.6 kilograms of cocaine into Saudi Arabia while it was being smuggled into the kingdom

The customs authority has foiled more than 1,000 attempts to smuggle prohibited items into Saudi Arabia.

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The drugs were hidden in tomato paste jars.

A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries The reforms aim to prevent countries competing to offer the lowest tax rates to attract investment G20 finance ministers on Saturday gave their backing to a "historic" global deal to...

The signing of the treaty came after the normalization of ties between them The treaty is based primarily on the OECD model, Israeli Finance Minister Israel Katz said in a statement Looking to target companies involved in money laundering activities in the United Arab Emirates (UAE), the Anti-Money Laundering Department...

The changed laws are also expected to support tax registrants and help them fulfil their tax obligations

UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To get this done, applicants must provide a proper “excuse,” bolstered by evidence   The United Arab Emirates’ Federal Tax Authority said in a statement on Wednesday, May 26, that individuals...