DOHA: The tax landscape is changing drastically across the globe and businesses should get acquainted themselves with the changing tax systems, according to an expert.
“The tax landscape is changing drastically across the globe and companies who are looking to do business across borders need to be aware of what is coming ahead,” Muhammad Bahemia, partner at Deloitte Qatar’s tax practice said.
In recent years the tax landscape in Qatar has witnessed many developments, and its latest, the introduction of an electronic tax administration system, was among the topics explored by Deloitte in its 5th annual tax seminar held at La Cigale Hotel in Doha.
“Deloitte’s 5th tax seminar in Qatar continued our aim of sharing expertise and insight to keep businesses abreast of the latest developments and their impact.”
The Deloitte seminar was attended by more than 170 leaders in the fields of finance and accountancy including chief financial officers and finance directors from a range of large companies in Qatar. In addition to covering the introduction of the new electronic tax administration system, the Deloitte seminar also explored practical issues faced by tax payers in Qatar, recent updates to the tax regime in the Qatar Financial Center, and international tax highlights.
The seminar was facilitated by Muhammad Bahemia and Rami Qudah, partners at Deloitte Qatar’s tax practice, and Alex Law, International Tax Partner at Deloitte Middle East. It also featured a panel discussion hosting guest speakers Sheikh Salman Bin Hassan Al Thani, chief financial officer and head of tax at Qatar Financial Center, and Salah bin Mohammad Guyedi, senior tax consultant, who both shared their insight on the impact of recent international tax reforms on Qatar and the region.
Rami Qudah, while referring to the local tax regime in Qatar, praised the efforts of the Public Revenue and Tax Department for the introduction of the new electronic tax administration system.
“The introduction of the new tax administration system is in line with Qatar’s vision 2030 and will serve as a platform to enhance the relationship between the regulators and the tax payers.”