BDO Oman

There has been the usual flurry of tax activity in the GCC countries in the first quarter of 2024. The year’s first edition of BDO’s quarterly Tax update newsletter brings you a comprehensive summary of the most important tax news from across the region, including any actions to be taken. Please contact BDO’s tax experts for assistance with any tax-related matters. https://lnkd.in/gZ5UMfkc #tax #BDO #GCCtax2024

May this Diwali illuminate new paths of success and prosperity for you and your loved ones. We remain committed to guiding you through every opportunity and challenge, ensuring a brighter future together. From all of us at BDO, happy Diwali! #HappyDiwali #Diwali2024 #FestivalOfLights #CelebrateTogether #BDOGreetings 

BDO’s quarterly GCC Tax updates provide a comprehensive summary of the important tax developments across the region and detail the actions that businesses should be taking. In this Q3 2024 edition, there’s plenty to report from all six GCC countries, including a first for the region, the introduction of a new domestic minimum top-up tax in Bahrain. The UAE remains one of the busiest places for tax change, where the effects of the new corporate tax continue to be felt. Please contact BDO’s tax experts in the Middle East for assistance with any tax-related matters. https://lnkd.in/dY7VHT7K Brian Conn #tax #BDO #GCCtaxUpdate2024

Stay ahead of the curve with valuable insights on global tax developments from specialists across BDO. This month: The CJEU and the 2020 decision of the General Court regarding the Apple group’s unlawful tax advantages in Ireland; Spain’s Supreme Court and the compatibility of a domestic rule around entertainment expenses; Transfer Pricing Guidelines for Compliance from the UK tax authorities (HMRC) – and more. https://lnkd.in/d3Dmm_VK #BDO #Tax #TaxNews #GlobalTax

We are celebrating Global Diversity Month this October. We believe that diversity ignites growth and our global vision – Global solutions. Driven to be the best – is powered by the diverse perspectives of our colleagues around the world. This month, we’re acknowledging and appreciating the rich tapestry of cultures, experiences and ideas that make our global organisation so unique. Together, we can create an inclusive environment where everyone feels valued and empowered to be their best selves. #GlobalDiversityMonth #DiversityIgnitesGrowth #BuildaThrivingGlobalTeam #GlobalSolutions

The transition to sustainability is not just for large corporations! Small and medium-sized enterprises (SMEs) are essential players in the fight against climate change. Explore how SMEs can play a crucial role in climate action https://lnkd.in/dBZ8ZVJR Charles Tungwarara, CIA,CRMA,SEA #SMEsForNetZero #SustainabilityInBusiness #ClimateAction #DecarbonisationJourney #NetZeroSMEs #GreenBusiness #CarbonFootprint #SustainableGrowth #BusinessAndClimate #ESGforSMEs

In BDO’s IFRB 2024/09: On 31 July 2024, the IASB issued an Exposure draft titled Climate-related and other uncertainties in the financial statements. This exposure draft proposes to add eight illustrative examples to IFRS Accounting Standards with an objective to improve how the financial statements present and disclose financial information of climate-related and other risks. This BDO IFR Bulletin 2024/09 provides a snapshot of the proposed illustrative examples, along with an overall understanding behind developing those examples. https://lnkd.in/dWqTzNfm #IFRSUpdates

The Gulf Cooperation Council (GCC) is a thriving hub for global trade, offering unparalleled access to key markets, robust regulatory frameworks and a wealth of opportunities. However, understanding the complex landscape of business entity structures can take time, especially for those unfamiliar with the region. This BDO guide provides essential insights and practical advice to help foreign businesses confidently establish and thrive in the GCC. https://lnkd.in/dK6YAEXq Gihad Al-Amri Deepak Chakingal #GCCBusinessSetup #BDOGuide #InvestInTheGulf

With cyber threats growing more sophisticated and pervasive every year, how can businesses safeguard their organisations? It starts by asking the right questions. For Cyber security month 2024, BDO has adopted a theme of Guardians of digital trust, aimed at Board-level executives. This article explores how to enhance Board’s cybersecurity knowledge. https://lnkd.in/dECucK-i #CybersecurityAwarenessMonth

With the introduction of corporate tax in the UAE, Transfer Pricing (TP) rules are now in effect for entities with tax periods starting on or after 1 June 2023. These rules affect businesses operating in the UAE that engage in transactions with related parties and connected persons.   To help businesses stay compliant with the TP requirements, we have prepared a document outlining the key aspects of the UAE’s TP requirements, along with practical guidance on how businesses can navigate these requirements. Explore our insights on UAE’s TP framework to learn how to align your TP practices with the new requirements and mitigate potential risks. If you have any questions or need further assistance, please reach out to our transfer pricing experts. https://lnkd.in/duh9C2NY #TransferPricing #UAECTLaw #TaxCompliance #CorporateTax #Taxation #InternationalTaxation #OECD #TPCompliance #UAETax #UAETaxation #BEPS