PwC Qatar signs MOU with Oxford Business Group for forthcoming publication

PwC Qatar signs MOU with Oxford Business Group for forthcoming publication

sweety_41
By sweety_41

PwC Qatar signs MOU with Oxford Business Group for forthcoming publication

The changing face of Qatar's tax regime and the impact of planned reforms on investors are amongst the topics set for analysis in a forthcoming report on the country by the global publishing firm Oxford Business Group (OBG).

 

The Report: Qatar 2016 will update readers on the latest changes to the country’s tax and regulatory systems, including the introduction of a Wage Protection System (WPS), which came into effect in November. Other developments to be explored include a shift under way in the Qatar Tax Authority’s approach to the taxation of capital gains on the disposal and transfer of shares in domestic companies by non-resident companies.

 

PwC Qatar has signed a memorandum of understanding (MOU) with OBG for the publishing firm’s 2016 report on the State. Under the MOU, the professional services firm will team up for a third time with OBG to compile and produce the Accountancy and Tax Chapter of The Report: Qatar 2016.

 

Wadih AbouNasr, Country Senior Partner, PwC Qatar, said “Oil and natural gas revenues have placed Qatar as one of the highest per-capita income countries, as well as one of the fastest growing economies.Qatar continues to look at new ways and incentives to attract Qatari entrepreneurs and foreign direct investments as a way of diversifying its economy. With the new discussions around tax reforms in the region and the likely introduction of VAT, Qatar and GCC governments will need to make strategic decisions concerning key elements in the system, including harmonization of a number of areas across the GCC to make the VAT system fully efficient.”

 

Oxford Business Group’s Managing Director for Middle East, Jana Treeck, agreed that Qatar’s changing economic landscape was creating a raft of new opportunities for businesses.

 

“Qatar’s efforts to diversify its economy are already yielding significant results, with non-hydrocarbon growth now reaching double digits,” she said. “Last year’s announcement that the government plans to reduce spending in non-essential areas has set the scene for the private sector to further increase its contribution to Qatar’s economic growth. I’m sure this will be one of many key issues that we explore with PwC in what promises to be an exciting year of research.”

 

 

The Report: Qatar 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives. It will be available in the second quarter of 2016, print or online.   

By Molten Metal• 1 Feb 2016 10:20
Molten Metal

Welcome it ............ excited about it ................... Mon, 01.02.2016, 10.22 hrs

Log in or register to post comments

More from Qatar Living

Qatar’s top beaches for water sports thrills

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.
Most Useful Apps In Qatar - Part Two

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.
Most Useful Apps In Qatar - Part One

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.
Winter is coming – Qatar’s seasonal adventures await!

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
7 Days of Fun: One-Week Activity Plan for Kids

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.
Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Places to enjoy Mango Sticky Rice in  high-end elegance

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.
Where to celebrate World Vegan Day in Qatar

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.