Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.Find out more
Welcome to the latest edition of Law Update titled “Rise of Generative AI.”
In this edition, we dive into the dynamic world of Technology, Media, and Telecommunications (TMT) across the Middle East and North Africa (MENA) region. TMT continues to play a vital role in positioning the region as an international business and social hub, driving significant growth and innovation.
Our focus in this Law Update is on the sector’s ongoing potential to advance and propel the region toward a more digital economy. We explore the benefits of embracing a digital transformation and how local authorities have responded by enhancing regulations to accommodate the evolving TMT landscape.
This edition covers a range of topics, including – the new Telecommunications & Information Technology Law in Saudi Arabia, the intricacies of trademarks in the Metaverse, and the legal challenges faced by the video game industry. Additionally, we take a regional perspective, discussing jurisdictions such as Kuwait, Saudi Arabia, UAE, Oman, and Bahrain to provide a comprehensive understanding of the TMT landscape.
We hope you thoroughly enjoy this packed issue of Law Update, filled with captivating articles that address key legal issues within a vital sector for the region.Read the full edition
The Federal Tax Authority (“FTA”) has issued a new version of the VAT Import Declaration User Guide. The updates to the guide are mainly editorial in nature.
The FTA has also updated the Warehouse Keeper and Designated Zone User Guide for excise tax. The key change was that the designated zone registration must be renewed annually in order to preserve the designated zone status. A fee of AED 2,000 is payable for the renewal.
Importers, warehouse keepers and companies in designated zones should continuously ensure that they remain compliant with VAT import procedures and excise tax related rules as prescribed by the FTA.
Al Tamimi & Company can assist you with the following:
In the KSA, the latest tax developments include the following:
Please click here to read more about the latest KSA tax developments.
Al Tamimi has a strong regional tax practice with local tax expertise in the UAE, and the team are well placed to advise you on relation to your corporate tax, VAT, excise tax and customs issues.
Please do not hesitate to contact Al Tamimi’s Tax Team if you require any assistance.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.