Latest news with #GeneralTaxAuthority
Qatar Tribune
19 hours ago
- Business
- Qatar Tribune
GTA extends tax certificate validity to ease compliance
Tribune News Network Doha The General Tax Authority (GTA) has announced an extension of the validity period for several key tax certificates, in a move aimed at simplifying tax-related procedures and offering greater support to taxpayers. As part of its ongoing efforts to enhance the taxpayer experience, the GTA has extended the validity of the non-objection certificate (NOC) for change of ownership to 180 days, allowing taxpayers additional time to complete relevant transactions. In a significant digital services upgrade, the tax compliance certificate can now be issued through the Dhareeba tax portal, with its validity extended from one month to a full year. This certificate is a crucial document that confirms a taxpayer's compliance with all applicable tax obligations, helping facilitate smoother interactions with public and private entities and boosting investor confidence. The NOC for commercial registration cancellation and the disbursement of dues certificate have also seen an increase in their validity period to 90 days, reducing the need for reapplication and giving taxpayers more time to complete the required steps. The GTA emphasised that these updates are part of a broader commitment to service improvement and digital transformation. All updated certificates and related services are available through the Dhareeba platform, which continues to provide taxpayers with flexible, efficient tools for managing their tax affairs. These enhancements reflect the GTA's strategic objective to foster a more transparent, efficient, and investor-friendly tax environment in Qatar. By reducing administrative burdens and leveraging digital platforms, the Authority aims to further strengthen compliance and support the country's economic diversification goals in line with Qatar NationalVision 2030.
Qatar Tribune
11-06-2025
- Business
- Qatar Tribune
GTA receives taxpayers for direct support regarding Financial Penalty Exemption Initiative, Simplified Tax Return submission
DOHA: The General Tax Authority (GTA) has announced that it is receiving taxpayers at its headquarters to provide information, and answer inquires related to the Financial Penalty Exemption Initiative, in addition to submitting the Simplified Tax Return. The GTA added that this comes as part of its ongoing efforts to facilitate procedures, reduce burdens, and enhance levels of voluntary compliance. The Authority clarified that this initiative will continue on Sundays, Tuesdays, and Thursdays each week, from 8amto 12pm, until August 31, at the GTA Tower. It noted that this step is part of a broader plan aimed at improving the taxpayers' experience and providing more efficient and flexible services. The Authority also provides taxpayers with support and guidance services regarding the Simplified Tax Return, aiming to facilitate the filing procedures and enable them to fulfill their tax obligations accurately and smoothly, thereby increasing transparency and promoting a culture of tax compliance. The Financial Penalty Exemption Initiative is a distinctive initiative aimed at enabling taxpayers to settle their tax status by exempting them from penalties resulting from delays in registration, filing returns, or paying dues. This initiative grants a 100 percent exemption from financial penalties until August 31, subject to a set of terms and conditions. The General Tax Authority reaffirmed its commitment to delivering effective and integrated tax services that support the business environment and contribute to achieving sustainable economic development.
Qatar Tribune
25-05-2025
- Business
- Qatar Tribune
Cabinet-approved tax incentive bolsters national economic competitiveness: GTA president
DOHA: President of the General Tax Authority (GTA), Khalifa bin Jassim Al JahamAl Kuwari, has lauded the Cabinet's endorsement of the draft decision granting a tax advantage on capital gains derived from intra-group corporate restructuring. Speaking to Qatar News Agency (QNA), Al Kuwari emphasized that this measure reinforces the strategic thrust of the national economic policy geared toward diversifying the economy, supporting corporate growth, stimulating investment inflows, and bolstering the long-term competitiveness of the national economy. The decision is a strategic step toward forging a flexible and incentivized investment environment by upgrading the tax system to remain competitive and capable of adapting to rapid transformations in the global economy, in alignment with best global practices in this field, he highlighted. Al Kuwari underlined that empowering companies and encouraging them to list on the financial market not only supports their expansion but also constitutes a fundamental pillar in enhancing the appeal of the national economy, attracting foreign investments, and reinforcing confidence in the Qatari market as a stable and secure destination. This step underscores the nation's commitment to promoting the business environment and economic growth, with the Cabinet endorsing a decision that grants a tax advantage on capital gains arising from intra-group corporate restructuring, His Excellency outlined. He explained that the decision seeks to foster a more attractive investment climate by enabling companies to move toward listing on the financial market. It further provides for a capital gains tax exemption on the transfer or exchange of assets within holding companies, as part of sustained efforts to align with international best practices and stimulate sustainable institutional growth. The decision comes in response to the requirements of the Qatari economy, as GTA has remained committed to crystallizing effective solutions that meet the aspirations of the business community and serve the economic and social development goals, Al Kuwari said. He added that this orientation underscores the flexibility of tax policy as a strategic tool to enhance competitiveness in a global market that attracts investments. Overall, GTA underscores its unwavering commitment to supporting policies and initiatives that contribute to upgrading the tax system, fostering the business climate, lending impetus to economic growth, and keeping up with the nation's aspirations toward a sustainable development path rooted in diversity and openness.
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
CB launches new corporate banking app
Tribune News Network Doha Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region. This state-of-the-art mobile app has been redesigned to transform how corporate clients manage their financial operations by delivering unprecedented speed, security, and convenience through their smartphones. Commercial Bank has consistently pioneered innovative banking solutions, with this new app representing the latest milestone in this journey. The application enables businesses to execute all critical banking operations remotely, from initiating and approving single and bulk transfers to managing corporate cards and generating official bank letters, all protected by advanced biometric authentication. The Corporate Mobile Banking App's revolutionary features deliver complete banking autonomy to corporate clients. Businesses can now approve high-volume transactions, process Wage Protection System payments, settle utility and tax payments to the General Tax Authority, generate critical bank documents, and execute instant transfers through Fawran, all through an intuitive mobile interface. Security being a priority, the app also incorporates biometric login protocols and CB Safe ID verification. Commenting on the launch, Fahad Badar, EGM, chief wholesale and international banking officer of Commercial Bank, said: 'Qatar's dynamic business environment demands banking solutions that keep pace with commercial needs while maintaining rigorous security standards. This app effectively transforms mobile devices into a comprehensive financial tool, by combining cutting-edge technology with user-centric design to empower businesses to conduct operations with unprecedented efficiency.'
Saba Yemen
21-04-2025
- Business
- Saba Yemen
Iraqi Government Stresses Importance of Improving Work Environment for Oil Companies
Baghdad - Saba: Iraqi Prime Minister Mohammed Shia' Al-Sudani emphasized the importance of improving the work environment for oil companies operating in Iraq on Sunday, directing a reassessment of the licensing rounds' experience. This came during Al-Sudani's chairmanship of a meeting with representatives of major foreign oil companies operating in Iraq, attended by the Minister of Oil, relevant ministry officials, the Federal Board of Supreme Audit, the General Tax Authority, and the Employment Directorate of the Ministry of Labor and Social Affairs. During the meeting—the second of its kind, according to Russia's RT channel—several key issues were discussed, including mechanisms to halt gas flaring and optimize its utilization, water injection strategy, growth of investment in the oil sector, as well as work permits and social security. Whatsapp Telegram Email Print more of (International)
