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In this edition• Bahrain• Kuwait• Oman• Qatar• Saudi Arabia• United Arab Emirates2
Dear Reader,Through this Middle-East Newsletter we aim to keep you abreast of the recent international tax developments in the GCC.As an internationally oriented tax and corporate law firm, we follow international developments closely. The conclusionof bilateral tax treaties is a topic that is relevant for any multinational when considering its cross-border corporate andinvestment structures and its international tax position.As can be derived from this newsletter, the GCC member states are rapidly expanding their tax treaty networks to facilitateboth inbound and outbound investments. It should be noted that many countries concluding tax treaties with the GCCmember states, may negotiate specific provisions to deal with the ‘no or low tax’ status of the GCC countries. This meansthat it is imperative to meticulously analyze potential tax treaty benefits on a case-by-case basis.Providing specialized international tax advice requires expertise and experience. Our firm’s tax capabilities are highlyregarded by many clients and rewarded by reputable organizations, like Chambers & Partners, the Legal 500 and others.Also in the MENA region our tax capabilities have been recognized. In this respect, we are proud to have been awardedBEST TAX ADVISORY FIRM by MENA FM.About Loyens & LoeffAs you may know, Loyens & Loeff has a longstanding experience of providing high quality tax and legal advice. The firm’shistory dates back to the early 20th century. At present, Loyens & Loeff has 13 offices, which are spread out over AsiaPacific, the Middle East, Europe and the US.Loyens & Loeff is an independent full service firm of civil lawyers, tax advisers and notaries, where civil law and taxservices are provided on an integrated basis. Over 1400 people work for the firm, including 840 civil lawyers, tax advisersand notaries. Our size and range make the firm unique in our home markets Luxembourg, the Netherlands, Belgium andSwitzerland.We hope that the content of this Middle East Newsletter is useful to you. Should it give rise to any questions, please feelfree to contact us or your contact person within Loyens & Loeff.Yours sincerely,Jan Bart SchoberTax partnerTim DopmeijerTax associate3
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Page 5: Treaty between Bahrain and Cyprussi
Page 8 and 9: Qatar - Kenya tax treaty approved f
Page 11 and 12: Qatar - South Africa tax treaty con
Page 13: Access to the Saudi stock market re
Page 16 and 17: UAE - UK tax treaty update13 May 20
Page 18 and 19: . dividends received by a Luxembour
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