In an effort to support Excise Tax Registrants during the difficult circumstances caused by COVID-19, the Federal Tax Authority has decided to extend the tax period for businesses registered for Excise Tax, which commenced on 1/3/2020 for one month on an exceptional basis, to end on 30/4/2020. The tax period shall now respectively cover the…
A power of attorney is a legally binding document which, when properly executed, allows the receiver of the power of attorney (known as the agent) to act on behalf of the grantor in relation to their personal affairs, business decisions or legal representation. A power of attorney can be general in its scope or be…
In Oman, the registration, use and enforcement of trademarks is regulated by the Law of Industrial Property Rights, promulgated under Royal Decree No. 67/2008, the (“IP Law”). The Ministry of Commerce and Industry (“MOCI”) issued the Executive Regulations of the IP law, which govern the application of the law and its provision, under Ministerial Decision…
Risks and Trends for 2020 – Authored by Martin Kreuzer, Risk Manager Cyber Risks, Munich Re A Legal & Regulatory Perspective from the Middle East – Authored by Simon Isgar, Partner and Head of Insurance/Reinsurance, BSA As global insurer and reinsurer of cyber risks, Munich Re is closely watching developments of cyberattacks to provide suitable insurance…