The document is a newsletter from Intuit Management Consultancy providing an overview of their services such as company formation, offshore incorporations, trusts and foundations, and international tax planning. It also summarizes recent international tax and business news including the UAE and Mexico signing a double taxation agreement to boost trade, GCC countries potentially implementing a VAT within four years, and Cyprus lowering its corporate tax rate to 10% effective January 2013.

1. December 2012 Issue 3
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Mexico - U.A.E. sign DTA
The United Arab Emirates (U.A.E.) and Mexico have signed a Double Taxation Avoidance
Agreement (DTAA) an attempt to boost trade and increase investments between the two countries.
Read More
GCC VAT could arrive in four years
Value Added Tax (VAT) could be implemented in the Gulf Cooperation Council (GCC) states within
two to four years, according to the new report.
Read More
Cyprus moves to enhance tax regime
With effect from 1stJanuary 2013, the corporation tax rate of all companies in Cyprus will be 10%.
There is no distinction between local companies and IBC’s.
Read More
Opening of Khalifa Port marks U.A.E. milestone
Khalifa Port opened for business recently as the capital took a major leap forward in its pursuit of
industrial diversification.
Read More
Intuit Research Team
Intuit Management Consultancy
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