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Legal Updates - Page- 58

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09 Feb 2020

DIFC Qualifying Employer Workplace Savings Scheme

DIFC Qualifying Employer Workplace Savings Scheme In the early part of the year 2019, Dubai International financial Centre Authority (DIFCA) proposed in the consultation paper to revise the end of service gratuity (ESG) regime. ESG regime was proposed to be replaced with contributions-based-savings. In February 2020, the DIFCA brought amendments…

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06 Feb 2020

Kingdom Of Saudi Arabia Introduces Anti-Spam Regulations

Kingdom Of Saudi Arabia Introduces Anti-Spam Regulations The Kingdom of Saudi Arabia’s (KSA) Communications and Information Technology Commission i.e. CITC has its primary obligation of regulation of telecom sector in the Kingdom nation. This role of CITC includes among its manifold role, one of licensing the telecom service providers (TSPs)…

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05 Feb 2020

UAE Excise Tax on Sweetened Beverages and E-Cigarettes

UAE Excise Tax on Sweetened Beverages and E-Cigarettes The UAE Cabinet in an attempt to discourage use of sweetened beverages and smoking habits of the public introduced new Excise Law regime according to which UAE would apply 50% Excise Tax on Sugar Sweetened Beverages (SSB) as well as 100% excise…

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04 Feb 2020

Oman’s New Pharmaceutical Licensing Regime

Oman’s New Pharmaceutical Licensing Regime The new legislation by Government of Oman via Royal Decree 35 of 2015 repeals Royal Decree 41 of 1996, and affect the pharmacies in Oman that are owned by foreign investors. The new law aims to launch fresh licensing and profession regulating regime. The mandate…

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02 Feb 2020

UAE Cabinet Approves Draft Law Amendment to UAE Agency Law

UAE Cabinet Approves Draft Law Amendment to UAE Agency Law The UAE, with the aim to strengthen national framework for boosting trade and investment in the Middle East’s most advanced economy, approved amendments in Federal Law Number 18 of 1981 pertaining to Agency Law. The UAE Cabinet has approved a…

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01 Feb 2020

Confusion Looms Over Taxation Proposal of NRI

Confusion Looms Over Taxation Proposal of NRI The new Budget 2020 announced by Finance Minister of India Ms. Nirmala Sitharaman while being appreciated for relief and benefits it has introduced for the middle class, it has come as surprising for the NRIs with a proposal of taxing them. The proposal…

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