Doha: HE President of the General Tax Authority (GTA), Khalifa bin Jassim Al Jaham Al Kuwari, praised the Cabinet’s approval of a draft decision that offers a tax advantage on capital gains from intra-group corporate restructuring.
According to Qatar News Agency, HE Al Kuwari stressed that this measure aligns with the national economic policy aimed at diversifying the economy, supporting corporate growth, attracting investment, and strengthening the long-term competitiveness of the national economy. The decision is seen as a step towards creating a flexible investment environment through an upgraded tax system that remains competitive and adaptable to global economic changes.
HE Al Kuwari noted that encouraging companies to list on the financial market not only aids their growth but also enhances the national economy’s appeal, drawing foreign investments and building confidence in the Qatari market as a stable and secure destination. This move demonstrates the nation’s commitment to improving the business environment and economic growth, with the Cabinet’s decision providing a tax advantage on capital gains from intra-group corporate restructuring.
His Excellency explained that the decision aims to cultivate a more attractive investment climate by facilitating companies’ progress toward financial market listing. It includes a capital gains tax exemption on asset transfers or exchanges within holding companies, aligning with international best practices to stimulate sustainable institutional growth.
The decision addresses the needs of the Qatari economy, reflecting GTA’s dedication to developing effective solutions that meet business community aspirations and support economic and social development goals, HE Al Kuwari mentioned. This approach highlights the flexibility of tax policy as a strategic tool to enhance competitiveness in a global market that attracts investments.
Overall, GTA reaffirms its dedication to advancing policies and initiatives that contribute to upgrading the tax system, fostering the business climate, promoting economic growth, and achieving the nation’s aspirations for sustainable development through diversity and openness.