Accessibility
Now explore the Directory and other key content!
Select one to proceed.
Now explore the Media Center 10x faster!
Select one to proceed.
GTA President: No income tax, Exemptions for Small Business
08 Nov, 2021 08:35 AMGulf TimesIntended AudienceNews Details
HE the President of the General Tax Authority (GTA), Ahmed bin Issa Al Mohannadi, confirmed that the Authority does not intend to impose a tax on income and that the value-added tax, which has been widely circulated recently, is still under legislation.
Al Mohannadi said that tax is one of the most important tools for diversifying the country's sources of income. In line with the legal principle, Qatar has issued Income Tax Law No.24 of 2018 and Selective Tax Law No.25 of 2018, which are implemented by GTA.
GTA President further explained that since the tax is aimed at diversifying the sources of income, exemptions are considered by the State as a kind of support and development for other economic sectors in order to encourage investments in these.
Click on the news' source link to read the full story.
.jpg)
