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Cabinet Nod for Draft Law to Introduce VAT in Qatar

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Cabinet Nod for Draft Law to Introduce VAT in Qatar BUSINESS | Page 1 SPORT | Page 1 Tabata, al-Harazi score as INDEX DOW JONES QE NYMEX QATAR 2-15, 32 COMMENT 29, 30 Qatargas delivers REGION 15 BUSINESS 1-7, 12-16 Rayyan 20,924.04 9,955.40 47.68 ARAB WORLD 15, 16 CLASSIFIED 8-11 LNG cargo to new -25.85 -37.44 +0.02 INTERNATIONAL 17-28 SPORTS 1-8 make semis -0.12% -0.37% +0.04% Chinese terminal Latest Figures published in QATAR since 1978 THURSDAY Vol. XXXVIII No. 10443 May 4, 2017 Sha ’baan 8, 1438 AH GULF TIMES www. gulf-times.com 2 Riyals Cabinet nod In brief for draft law QATAR | Offi cial Emir condoles with Saudi King Salman to introduce HH the Emir Sheikh Tamim bin Hamad al-Thani, HH the Deputy Emir Sheikh Abdullah bin Hamad al-Thani and HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser VAT in Qatar bin Khalifa al-Thani yesterday sent cables of condolences to Custodian of the Two Holy Mosques King aking another step towards the No 21 of 2009 and Law No 17 of 2014, Salman bin Abdulaziz al-Saud of Saudi implementation of value-added “which exempt the share of non-Qatari Arabia; Crown Prince, Deputy Prime Ttax (VAT) in Qatar, the Cabinet investors in the profi ts of some com- Minister and Minister of Interior Prince yesterday gave its nod to a draft law on panies and investment funds from in- Mohamed bin Nayef bin Abdulaziz al- US President Donald Trump and Palestinian President Mahmoud Abbas shake hands in the Roosevelt Room during a joint the proposed new levy and its draft ex- come tax”, QNA said. Saud and Deputy Crown Prince, Second statement at the White House in Washington, DC, yesterday. ecutive regulation. It also falls within the “development Deputy Prime Minister and Minister of Though a fi rm date has not been set, framework of tax legislation to ensure Defence Prince Mohamed bin Salman policymakers in the six-nation Gulf the enhancements of revenues in the bin Abdulaziz al-Saud on the death of Co-operation Council (GCC) are aim- tax sector, simplifi cation of proce- Prince Mishaal bin Abdulaziz al-Saud, ing to introduce a 5% VAT at the start dures and facilitation of examination, praying to Allah Almighty to grant his of next year. connection and collection procedures, souls rest in Paradise and grant the During its ordinary meeting held at which in turn will promote tax compli- ruling family patience and solace. Trump and Abbas vow the Emiri Diwan, the Cabinet also ap- ance”. proved a draft law on income tax and its The draft executive regulation of the QATAR | Diplomacy draft executive regulation, as well as a selective tax law includes provisions Emir’s visit to Poland: a draft decision of the Council of Minis- concerning tax entitlement, declaration new phase of ties ters to issue the executive regulation of of loss or damage of selective goods, ‘historic’ peace deal the selective tax law, the offi cial Qatar inspection of damaged goods, registra- Qatar and Poland are set to start a new News Agency (QNA) reported. tion, tax declaration, rules of payment phase of bilateral co-operation with The Ministry of Finance has pre- of tax in the case of local production, the off icial visit of HH the Emir Sheikh QNA We must be taught to value and respect that we are capable under your leadership pared the draft law on VAT in accord- maintenance of accounting systems, Tamim bin Hamad al-Thani to Poland Washington human life and condemn all of those and your stewardship and your wisdom ance with the unifi ed GCC agreement the language of accounting records, and today, during which he will hold talks who target the innocent,” he said. as well your great negotiating ability, I on it. control and inspection rules. with Polish President Poland Andrzej It was the fi rst time that Abbas had believe with the grace of God and with The agreement obligates each mem- HE the Deputy Prime Minister and Duda and a number of senior off icials. fter a meeting at the White House visited the White House in 24 years. all of your eff ort, we believe that we can ber state to take the necessary steps Minister of State for Cabinet Aff airs The visit will witness the signing in Washington, Palestinian Pres- In calling for an historic peace deal, be partners, true partners to you to bring domestically for issuance of the rel- Ahmed bin Abdullah bin Zaid al-Mah- of a number of agreements and Aident Mahmoud Abbas and US Trump evoked previous White House about a historic peace treaty,” he said. evant local law and procedural policies moud said the Cabinet also approved a memorandums of understanding President Donald Trump yesterday meetings where Israel-Palestinian Trump and Abbas were to spend in order to implement the tax with a draft decision of the Council of Minis- in various fields between the two vowed to bring about an “historic” deal agreements had been formally reached. much of the day together at the White view to executing the agreement’s pro- ters to amend some provisions of De- countries. The bilateral co-operation to end the Palestinian-Israel confl ict. “It was on these grounds that Presi- House. visions. cision No 18 of 2011 to nominate the between Qatar and Poland in energy “We will get it done,” Trump told re- dent Abbas stood with a courageous The US president was expected to The draft law is expected to provide chairman and members of the Tax Ex- is a matter of priority. A year ago the porters with Abbas at his side. “We will peacemaker, then-Israeli Prime Minis- press Abbas to end payments to fami- details on how Qatar will interpret emption Committee, organise its work two countries signed an agreement be working so hard to get it done. ter Yitzhak Rabin,” Trump said. “Here lies of imprisoned Palestinians and to the GCC framework and deal with key and determine its rewards. to increase the supply of the Qatari It’s been a long time. But we will be at the White House, President Abbas renounce what the US and Israel see as matters where it has discretion. The committee is “competent to liquefied natural gas to Poland to reach working diligently.” signed a declaration of principles, very Palestinian “incitement” to violence, In principle, VAT will be levied on receive and examine requests for ex- 2mn tonnes per annum. The operation Abbas told Trump: “I look much for- important, which laid the foundation but which Palestinians see as resistance the supply of goods and services at a emption from taxation and study the of the Polish Swinoujscie LNG terminal ward to working with you in order to for peace between the Israelis and Pal- to Israel’s brutal occupation. standard rate of 5%. According to ex- cancellation of previous exemptions in 2015 helped in expanding the supply come to that historical agreement, his- estinians.” Abbas said, however, that Trump has also spoken out, as previ- perts, the new indirect tax will rep- granted due to breach of legal obliga- of liquefied natural gas (LNG) shipments toric deal to bring about peace.” there could be no peace with the estab- ous American presidents have, against resent an important new source of tions or deviation from their purpos- to Europe, starting in Poland which Trump called on Palestinians to re- lishment of a secure Palestinian state. continued Israeli settlements that are revenue for Qatar and will be another es, and prepare recommendations on represented the gateway to Central nounce violence and to unite both Fa- “Our strategic choice is to bring about colonising the West Bank. action to move away from the economy them”. Europe particularly the landlocked tah and Hamas to negotiate with Israel. peace based on the vision of the two- Whether Trump follows up with being oil dependent. HE the Prime Minister and Interior countries that lacked sea ports in “There could be no lasting peace unless state [solution], a Palestinian state with pressure on Israel using the vast lever- Meanwhile, the draft legislation on Minister Sheikh Abdullah bin Nasser addition to the Baltic region. Page 30 the Palestinian leaders speak in a unifi ed its capital of East Jerusalem that lives in age America has over Israel remains to income tax is meant to replace the In- bin Khalifa al-Thani chaired the Cabi- voice against incitement to violence and peace and stability with the state of Is- be seen, however. come Tax Law promulgated by Law net’s weekly meeting. Page 2 SPORT | Football hate,” Trump said. rael based on the border of 1967,” he said. Trump has been an outspoken sup- Higuain double propels “There’s such hatred, but hopefully, Abbas praised Trump as a “deal mak- porter of the government of Israeli Prime there won’t be such hatred for very long. er” who could make it happen. “I believe Minister Benjamin Netanyahu, consid- Juve to win at Monaco ered by many analysts to be the most re- Gonzalo Higuain struck a clinical brace Solidarity with prisoners in Israeli jails pressive against Palestinians in decades. as Juventus claimed a 2-0 victory away Trump told Abbas: “I want to sup- to Monaco in yesterday’s Champions The Palestinian embassy in Doha organ- from positive hunger and defy the Israeli port you in being the Palestinian leader QM, DAI to present League semi-final first leg. The ised yesterday a stand of solidarity with occupation with their empty stomachs.
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