The tax department has issued notices to numerous NRIs, requesting signed affidavits confirming their non-resident status and specifying the days spent in India
tax evasion
Latest in tax evasion
Income Tax
Saudi Arabia begins ‘significant’ income tax reform: Everything you need to know
Saudi Arabia has proposed new income tax and procedures laws opening for public feedback until December 25, as part of reforms to modernise its tax system, increase transparency, and encourage foreign investment – Here’s everything you need to know
content creators
UAE influencers must pay tax and register with government or risk 5 years in prison
Influencers need to pay tax and register with the authorities or face potential jail time
Airbnb
Italy orders seizure of $836.4mn from Airbnb for alleged tax evasion
Prosecutors say the company failed to collect tax at 21% from landlords on approximately $3.95 billion of rental income
Billionaire
Global minimum tax on billionaires could generate $250bn annually, report says
Billionaires’ personal tax in the US is estimated to be close to 0.5 percent and as low as zero in otherwise high-tax France
CBUAE
UAE central bank sanctions six banks for non-compliance on tax evasion-related requirement
The provision refers to banks implementing the Common Reporting Standard (CRS), which is a reporting requirement to help fight against tax evasion.
Dubai
Cash rewards for whistle-blowers who expose UAE tax evaders under government scheme
Monetary rewards will be offered to informants if their report on tax evasion or violation leads the UAE’s Federal Tax Authority to collect tax amounts worth more than AED 50,000
EU tax-haven blacklist
UAE slams inclusion on EU tax haven black list
The UAE was among 10 countries added to European Union’s tax haven black list on Tuesday
