As the end of summer approaches, we are delighted to bring to you the first edition of our A&M Tax & Customs Newsletter, packed with key insights and analysis of the tax & customs regulatory updates released in the past three months in the Gulf region.

Alvarez & Marsal Tax (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced its expansion across the Asia-Pacific region (APAC) with the appointment of James Badenach as a Managing Director and Head of A&M Tax, APAC (ex-Australia).

On the 1 Sept. 2024, the Kingdom of Bahrain announced the introduction of a Domestic Minimum Top-up Tax (DMTT) for multinational enterprises (MNEs). This release is a further demonstration of global alignment and commitment to the Organization for Economic Cooperation and Development’s (OECD’s) inclusive framework to introduce a global minimum tax (GMT) of 15% on large internationally operating groups. The Law will come into effect from the 1 Jan. 2025. 

A&M positions to meet growing market demand with addition of Charles Suet as Managing Director to develop the firm’s CMAA offering in France

In today’s volatile geopolitical climate, adapting to emerging trends is essential for maintaining business continuity and financial stability. Geopolitical uncertainties — ranging from trade conflicts to regional instabilities — pose significant operational and financial challenges.

Amidst rapid technological advancements like generative AI, forward-thinking law firms must adapt their operations to meet financial targets and client expectations. In a recent article, A&M experts Mike Shanahan and Sam Rudkin share their expertise to leverage these opportunities to boost efficiency, enhance client service and gain a competitive edge.

Alvarez & Marsal Tax (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M) has expanded into Canada with the addition of Managing Directors Jocelyn Blanchet, Carla Hannemann, Nicole Le Dressay, and Ines Pasagic.

On 28 June 2024, the State Bank of Vietnam (SBV) released Circular No. 23/2024/TT-NHNN (Circular 23), which amends Circular No. 10/2016/TT-NHNN (Circular 10) with significant updates related to the implementation of ESOP for foreign entities in Vietnam. What are the key updates and how can it affect your business?

Swiss VAT refund procedure: Changes as of 1 January 2025
Based on published finalized version of the Swiss VAT ordinance, entering into force as of 1 January 2025, the Swiss Federal Tax Administration (SFTA) has published its draft guidance on the revised refund procedure for non-established/non-registered foreign VAT payers.

Leading global professional services firm Alvarez & Marsal (A&M) today released its latest KSA Banking Pulse for Q2 2024.

Recent legislative changes to Australia’s taxation system, coupled with current market conditions, present a unique set of tax and commercial considerations for Private Equity (PE) fund CFOs. In this update, A&M analyses these factors and explores effective strategies to navigate them.

A&MPLIFY is pleased to introduce Customer Insights Quick Start, a data-driven program that helps clients optimize their Salesforce Data Cloud, Einstein Co-Pilot and Agentforce investments. In 30 days, it integrates customer data into a single source, delivering insights and recommendations to enhance performance and drive results.

Market Access is becoming more complex, prompting more pharmaceutical companies to outsource commercialisation services to specialised providers. To learn more about the key M&A trends taking shape this year in the Market Access space, read our latest paper.

Today, customer relationship management (CRM) systems are becoming increasingly integral to businesses, providing them with a means to improve customer relationships and increase their growth.