Source: Financial Times There are ten things advisers should know about the European Union’s Packaged Retail and Insurance-based Investment Products (Priips) regulation. 1. Legal basics The regulation on key information documents for Priips, Regulation (EU) 1286/2014) will introduce a new product disclosure document, the key information document (Kid). In April 2017, the European Commission published […]

The Saudi Arabia Government has approved the final Kingdom of Saudi Arabia VAT Law and published the statute in the official gazette, Um Al Qura Edition 4681, on 28 July 2017. The highlights of the Law are: Effective date of implementation – Article 53 provides that the Law shall be effective from the beginning of the financial year following […]

On January 1, 2018, value-added tax (VAT) will come into effect for the first time in the UAE. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skills and training, there […]