International Customs

ROME: Italian tower operator EI Towers plans to offer 1.2 billion euros for domestic rival Rai Way SpA in a...

Norway govt remedies European free trade association’s concern regarding tax on pharmacies

OSLO: The European Free Trade Association's Surveillance Authority has closed a state aid investigation into the Norwegian Government's support for...

European association to support Guatemala’s accession to EFTA-Central America free trade agreement

OSLO: European free trade association will support Guatemala's accession to the EFTA-Central America Free trade agreement and will resume free...

Switzerland deal offers partial tax amnesty to Italians

ROME: Italy and Switzerland have signed a deal to share information in a bid to tackle tax evasion. The deal...

Saudi gold investments hit SR14b, up 20% in 2015

RIYADH: Saudi gold investment exceeds 20 percent to SR14 billion in 2015. World Gold Council (WGC) has released data, in...

Tobacco farmers urge govt to reduce tax on cigarettes in coming budget

DELHI: Tobacco farmers have urged Chief Minister, Siddaramaiah, to reduce tax on cigarettes in coming state budget. In a press...

Dubai Customs attends conference on ‘Synthetic Drugs and Psychotropic Substances’

Dubai: Dubai Customs attended a conference on ‘New Synthetic Drugs and Psychotropic Substances’ in Abu Dhabi, organized by the Ministry...

European Commission seeks fairer, transparent approach to corporate tax

BRUSSELS: European Commission has decided upon a list of tax reform priorities to lay "the foundation for a fairer and...

Russia bans import of cheese products from Poland

MOSCOW: Russian consumer protection watchdog has banned import of Poland’s cheese products. Rospotrebnadzor, expert from watchdog,said in a online statement that...

Oman’s Central Bank receives ISO 2008:9001 certification

MUSCAT: Central Bank of Oman (CBO) has received ISO 2008:9001 certification by Country Manager, Bureau Veritas (BV). Executive President of...

Salalah Port revenue drops 9% to RO53.5mn

MASCAT: Oman Ports’ transshipment still faces challenges as Salalah Port revenues dropped 9 percent to RO53.5mn last year due to...

NBR exempts bank accounts having below TK0.5m balance

DHAKA: National Board of Revenue (NBR) exempted small savers having bank balance below Tk 0.5 million from paying tax. The...

Malaysia Customs seizes 6.84kg illicit meth worth RM1.3m

SEPANG: Malaysian Customs foiled an attempt to smuggle 6.84 kg of the drug methamphetamine worth almost RM1.3 million by two...

Norway govt rejects call to cut oil taxes amid plunging crude prices

OSLO: Norway’s government rebuffed pleas to cut oil taxes amid plunging crude prices, calling on the nation’s largest industry to...

Norway Aibel wins contract worth $1.05b from Statoil to build drilling platform

OSLO: Norwegian engineering firm Aibel has won a contract worth 8 billion crowns ($1.05 billion) from Statoil to build a...

Switzerland to sign tax deal with Germany to automatically exchange tax information: Eveline Widmer-Schlumpf

BERLIN: Switzerland expects in the future to sign a deal with Germany to automatically exchange tax information, Swiss Finance Minister...

Brussels launches in-depth probe into GE partial takeovertie of French industrial champion Alstom

BRUSSELS: Brussels has launched in-depth probe into GE’s partial takeover of French industrial champion Alstom, in a signal that antitrust...

Kuwait Customs foils attempt for smuggle 1kg illicit marijuana

KUWAIT CITY: Customs officers at Kuwait airport arrested a Bangladeshi expatriate working for KAC after he tried to smuggle a...

NZ strong tax receipts narrow budget deficit to NZD381m