Out of bounds
Saudi Arabia
imposes income taxes on the oil companies in Saudi Arabia
announced that Saudi Arabia, on Monday, for a royal decree issued by King Salman bin Abdul Aziz, to impose a tax on oil companies operating in the country.
According to the Royal Order which is reported by the official Saudi Press Agency (SPA), the taxes imposed rates ranging between 50% and 85%, according to the volume of public investment companies in the oil field.
And 50% will be the company that total capital investment in the oil sector in the country for more than the amount of 375 billion riyals income tax ($ 100 billion).
While the tax will be 65% of the company whose total capital investment in the Kingdom amounted to more than $ 300 billion riyals ($ 80 billion) to 375 billion riyals ($ 100 billion).
It will be a tax of 75% of the company , which has a total capital investment of 225 billion riyals ($ 60 billion) and up to 300 billion riyals ($ 80 billion), and 85% of capital investments not exceeding 225 billion riyals ($ 60 billion).
Refers to the total capital investment, the total accumulated value of the fixed assets of property, equipment and machinery and equipment, etc., and intangible assets , including the costs of detection and exploration of oil and hydrocarbon materials and development processes.
Plans to Saudi Arabia and the Gulf states, imposing many taxes, to boost revenues shrunk as a result of falling oil prices, the budgets of the Gulf states depend mainly upon.
Suffer Saudi Arabia - the largest oil exporter in the world - at the moment, from a sharp decline in fiscal revenues, resulting from the decline in crude oil prices from a year 2014.oldy Saudi Arabia, the largest oil company in the world (Aramco); produces barrels of every 8 barrels of oil in the world, and contribute 12.5% of the world 's oil production, according to the company 's annual report for the year 2015, it has 261.1 billion barrels of proven reserves.
Saudi Arabia announced last December, for the 2017 budget year, with a total expenditure of 890 billion riyals ($ 237.3 billion), compared to 692 billion riyals worth of revenues (184.5 billion dollars), worth an estimated deficit of 198 billion riyals ($ 52.8 billion).
The total deficit in the 2016 budget year, about 297 billion riyals ($ 79.2 billion), after recording revenues of 528 billion riyals (140.8 billion dollars), compared with expenses of 825 billion riyals ($ 220 billion (US dollar = 3.75 SAR.
Qatar
minister financial: We will invest 5 billion pounds in Britain within 3-5 years
and Qatari Minister of Finance Ali Shareef Al Emadi, said on Monday, during a visit to London, said that his country will invest five billion pounds ($ 6.3 billion) in Britain over the next few years. earlier on Monday, said the head of the Qatar Investment Authority , the sovereign wealth fund of the country, it is still my Irrigation investment opportunities in Britain, having graduated from the European Union.
He said Emadi "Reuters" on the sidelines of a Qatari Investment Forum in London , "Qatar will invest five billion pounds in the United Kingdom over the next three years to five."
http://almadapaper.net/ar/news/527432/%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D8%AD%D8%AF%D9%88%D8%AF
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