His Excellency Mr. Khalifa bin Jassim Al-Jaham Al-Kuwari, President of the General Tax Authority, commends the Cabinet’s approval of the draft resolution granting a tax incentive on capital gains from corporate restructuring within the same group of companies. He affirms that this step reinforces national economic policy aimed at diversifying the economy, supporting business growth, attracting investments, and enhancing Qatar’s long-term competitiveness.

His Excellency explained that the resolution represents a strategic step toward building a flexible and stimulating investment environment by modernizing the tax system to make it more competitive and adaptive to the rapid changes in the global economy, in alignment with the best international practices. He also noted that enabling and encouraging companies to go public not only supports their expansion but also serves as a cornerstone for boosting the appeal of the national economy, attracting foreign investments, and reinforcing trust in Qatar’s market as a stable and safe destination.

The President of the General Tax Authority clarified that this step confirms the State’s commitment to enhancing the business environment and stimulating economic growth, as the Cabinet approved a draft decision granting a tax incentive on capital gains resulting from the restructuring of companies within the same group.

The resolution aims to create a more attractive investment climate, supporting companies in their journey toward listing on the financial market. It also includes an exemption on capital gains arising from the transfer or exchange of assets within holding companies. This is part of ongoing efforts to align with the best international practices and stimulate sustainable institutional growth.

His Excellency highlighted that the decision is a practical response to the needs of the Qatari economy, as the Authority has worked to develop effective solutions that meet the expectations of the business community and support the goals of economic and social development. He added that this direction reflects the flexibility of tax policy as a strategic tool for enhancing competitiveness in a global market driven by investment attraction.

The General Tax Authority reaffirmed its continued commitment to supporting policies and initiatives that contribute to the modernization of the tax system and the enhancement of the business climate, driving economic growth and aligning with the State’s vision for sustainable development based on diversity and openness.