Latest news with #ImplementingRegulations
Leaders
2 days ago
- Business
- Leaders
ZATCA Reminds Businesses to Submit July Withholding Tax Filings by August 10
The Zakat, Tax and Customs Authority (ZATCA) is reminding businesses in Saudi Arabia subject to withholding tax to file their July returns by August 10 via its website: to avoid late-payment penalties. ZATCA warned that late submissions will incur a 1% fine on the unpaid tax for every 30 days of delay past the due date. For assistance, taxpayers can reach ZATCA through its 24/7 call center at 19993, on X via @Zatca_Care, by email at [email protected], or through the live chat feature on the website. Withholding tax applies to payments made from within the Kingdom to non-resident entities without a permanent establishment in Saudi Arabia, based on the rates outlined in Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations. Related Topics: ZATCA Announces 19th Wave of E-Invoicing Integration Hajj 2025: SDAIA Boosts Makkah Route Initiative with Technical Services Ivorian Hajj Pilgrims Applaud Makkah Route Initiative Makkah Route Initiative: Saudi Arabia Streamlines Luggage Handling for Pilgrims – Video Short link : Post Views: 13 Related Stories
Time of India
28-07-2025
- Business
- Time of India
40 UAE domestic worker agencies busted for 140+ violations: Why using the wrong agency could cost you
Hiring from unlicensed agencies risks safety because workers may lack screening, medical checks, and legal contracts, exposing families to harm/ Representative Image The UAE Ministry of Human Resources and Emiratisation (MoHRE) has cracked down on 40 Domestic Worker Recruitment Offices found to have committed around 140 violations of the Labour Law and its Implementing Regulations within the first half of 2025. These violations prompted the ministry to impose strict administrative and financial penalties, reinforcing its commitment to uphold labour market standards and protect both employers and domestic workers. MoHRE emphasized that it will show no leniency towards recruitment offices proven guilty of legal or administrative violations. The ministry warned that repeat offenders risk facing even harsher penalties, including the cancellation of their licenses, signaling a zero-tolerance approach. In a press statement, MoHRE highlighted that it continuously monitors recruitment offices through a combination of field inspections and digital systems. This ongoing supervision is designed to sustain labour market regulations, boost the competitiveness and professionalism of recruitment offices, and swiftly address complaints from employers and families. Key Violations and Compliance Efforts Most of the violations recorded by MoHRE were related to the failure to refund recruitment fees, either in full or partially, within the legally mandated two-week period. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo This refund is required when a domestic worker is returned to the agency or stops working for the employer. Additional infringements included failure to clearly display ministry-approved service package prices, a breach that affects transparency for clients. MoHRE underscored that its inspection system is fully equipped to handle violations seriously, with transparency and firmness. The ministry urged customers to report any negative experiences or malpractice by recruitment offices via dedicated digital channels or by calling the Labour Claims and Advisory Call Centre at 80084. To protect themselves, the ministry encouraged the public to deal only with licensed recruitment offices, warning that unlicensed operators can lead to legal and financial risks. Despite the crackdown, MoHRE praised the majority of recruitment offices for maintaining high service standards. These offices provide diverse service packages at reasonable prices in full compliance with laws and regulations, contributing to the sector's growth and leadership in the UAE. The Importance of Licensed Agencies and Public Advisory MoHRE reiterated the crucial role licensed recruitment agencies play in the domestic worker sector. They ensure that employers have access to: Verified, trained, and qualified domestic workers Recruitment packages that fully comply with UAE laws and standards The ministry issued a public advisory urging Emirati and resident families to avoid unlicensed recruitment offices and social media platforms advertising domestic worker services. These unregulated sources pose significant legal, health, and safety risks. To facilitate safe recruitment, MoHRE released an updated list of licensed domestic worker recruitment centers, now totaling 128 across the UAE: 41 in Abu Dhabi 41 in Dubai 5 in Sharjah city 1 in Kalba 2 in Khorfakkan 19 in Ajman 13 in Ras Al Khaimah 4 in Fujairah city 1 in Dibba 1 in Masafi This extensive network ensures that residents have access to trustworthy, professional, and legally compliant services, strengthening accountability and standards within the domestic labor sector. Combating Illegal Recruitment on Social Media In a related enforcement action, earlier this week, the UAE authorities shut down 77 social media accounts promoting domestic worker recruitment without approval from MoHRE during the first half of 2025. The ministry warned that hiring domestic workers through unlicensed sources exposes families to multiple risks. Key reasons why illegal hiring is problematic include: Loss of legal protection: Without a formal contract, employers are vulnerable to theft, injury, or disputes without recourse. No worker screening: Unlicensed recruiters do not perform background checks or medical clearances, jeopardizing safety and compliance. Potential liability: Employers may be legally responsible if the worker causes harm or damage, and they could face legal action. Guidance for Employers on Safe Recruitment MoHRE advises employers to: Use only licensed agencies listed on the ministry's official website. Avoid hiring through social media platforms such as WhatsApp or Instagram unless credentials are verified. Report suspicious activities via the ministry's helpline at 600590000. Hiring outside the official channels can lead to serious issues such as theft, property damage, injury, and legal complications with insurance or compensation claims. The ministry's message is clear: safeguarding your family and legal rights depends on engaging with approved recruitment offices.
Qatar Tribune
28-05-2025
- Automotive
- Qatar Tribune
MoT conducts campaigns on violating passenger transportation companies
DOHA: The Ministry of Transport (MoT), in collaboration with the relevant departments of the Ministry of Interior, is conducting campaigns to make sure that passenger transportation companies have obtained the required licences from the MoT and are following the requirements as per Law No. 8 of 2019 Regulating Road Transport and its Implementing Regulations issued by the Minister of Transport's Decision No 13 of 2024. The MoT's campaigns have found out that the company TaxiF is violating the laws by offering the service of passenger transportation via electronic applications without prior MoT licence. The campaigns also registered 11 violations for drivers of licensed limousine companies and 13 violations for drivers transporting passengers using private cars without a license, in violation of the abovementioned law and its regulations. The campaigns during Q1 of 2025 reported 66 violations for licensed limousine companies that do the business of passenger transportation via electronic applications. With such drives, the MoT continues to make sure the companies that perform that business follow all required safety standards and the requirements of the law in effect to make sure the companies provide the highest quality of service in a fair competitive environment. The MoT will continue cracking down on the unlicensed companies. The MoT will apply the applicable laws and regulations on the violating companies. It urges the companies to follow the laws in force and obtain the necessary licenses to be able to do the business legally.
Argaam
16-04-2025
- Business
- Argaam
CMA approves public offering of SEDCO Capital US Equities Feeder Fund
The Capital Market Authority (CMA) approved the request by Saudi Economic and Development Securities Co. for the public offering of SEDCO Capital US Equities Feeder Fund. The market regulator cautioned investors that making investment decisions without thoroughly reading the terms and conditions (T&Cs) or fully understanding their content may pose significant risks. The CMA also urged investors to carefully review the T&Cs, which include detailed information on the fund, its investment strategy, and associated risks. This review will help investors evaluate the investment's feasibility and understand the potential risks, the CMA said. It added that if the T&Cs are unclear, investors should consult the fund manager for clarification. The CMA emphasized that its approval does not constitute a recommendation to subscribe to the offering, but rather confirms the fund's compliance with legal requirements under the Capital Market Law and its Implementing Regulations.
Argaam
17-03-2025
- Business
- Argaam
Tasnee board proposes 66.9M buyback of treasury shares
National Industrialization Co.'s (Tasnee) board of directors recommended on March 16, initiating the necessary regulatory procedures to repurchase 66.9 million of its ordinary shares and retain them as treasury shares. The move would be in accordance with the Capital Market Authority's (CMA) regulations, the Companies Law, and the related bylaws, Tasnee said in a statement to Tadawul. This proposal is subject to shareholders' approval. Tasnee will announce the date for the next extraordinary general meeting, which will decide on the necessary amendments to the Articles of Association and the share buyback process, in accordance with Article 17 of the implementing regulations of the Companies Law for listed joint-stock companies. The board believes that the stock is trading below fair value. At present, the company does not hold any treasury shares from the category subject to the buyback. The repurchase will be financed through the company's own resources, and the repurchased shares will not have voting rights in shareholders' meetings. Tasnee indicated that the general meeting's approval is required for both amending the Articles of Association and the buyback process, in addition to fulfilling the financial adequacy requirements stipulated in the Implementing Regulations of the Companies Law for listed joint-stock companies. According to data available with Argaam, the shares recommended for repurchase represent 10% of the company's total shares, estimated at 668.9 million.
