- The General Financial Directorate (GFD) released updated guidance on tax obligations for entities providing transport services via mobile apps like Uber, Bolt, and Liftago.
- The guidance addresses changes in VAT legislation and income tax on employment.
- A memorandum was concluded with the Bolt platform to improve information sharing for tax collection.
- The new guidance takes effect on January 1, 2025, replacing the 2023 version.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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