GTA organises workshop on implementing global minimum corporate tax

Doha: The General Tax Authority (GTA) organised a workshop to shed light on the mechanisms for implementing Pillar Two of the global minimum tax for...

Doha: The General Tax Authority (GTA) organised a workshop to shed light on the mechanisms for implementing “Pillar Two” of the global minimum tax for multinational corporations.

Representatives from about 40 global companies and institutions operating in Qatar attended the event, which is part of the Authority’s efforts to enhance transparency, ensure compliance with international standards, and update companies on the latest tax developments.

In a statement, the GTA emphasised that implementing Pillar Two in Qatar aims to promote tax equity between local and international companies by establishing a global minimum corporate tax rate of 15 percent.

The workshop provided a detailed explanation of the Pillar Two rules, implementation mechanisms, and potential challenges that companies may face in this context.

It also showcased best international practices related to the implementation of Pillar Two.