Qatar, 11 December, 2024 : The General Tax Authority (GTA) hosted a workshop at the Ritz-Carlton in Doha on December 9, 2024, to discuss the implementation of the Pillar Two Global Minimum Tax for multinational corporations. The event gathered representatives from around 40 multinational companies operating in Qatar, highlighting the GTA's commitment to transparency and aligning with international standards.
The workshop outlined Qatar’s adoption of a 15% global minimum tax rate, aiming to create a fairer tax environment by ensuring parity between local businesses and multinational enterprises. It provided an in-depth overview of the Pillar Two rules, implementation mechanisms, and challenges companies may face, showcasing best international practices.
Pillar Two applies to multinational companies and enterprises with foreign branches generating annual revenues over QAR 3 billion. This includes both Qatari companies with branches abroad and foreign companies with branches in Qatar. If the minimum tax is not collected locally, other jurisdictions will impose it.
Yousef Abdullah Al-Dosari, Director of the Tax Treaties and International Cooperation Department, emphasized the importance of collaboration between the GTA and businesses for successful implementation. The workshop also offered opportunities for participants to engage with GTA experts and gain insights into the new regulations.
The Pillar Two implementation follows the approval of a draft law amending provisions of the Income Tax Law under Law No. 24 of 2018. The initiative, part of the OECD's Combating Base Erosion and Profit Shifting (BEPS) project, aims to ensure tax compliance and competitiveness in the global market.
Source : www.gta.gov.qa
