(MENAFN- Gulf Times)
Qatar, one of only two Arab economies in the Gulf region without value-added tax, will likely wait longer before imposing the levy.
“We will look to the right time to apply such taxes,” HE the Minister of Finance Ali bin Ahmed al-Kuwari said in an interview on Wednesday with Bloomberg Television at the Qatar Economic Forum in Doha.“Tax reforms are part of our plans.”
Last year, al-Kuwari said Qatar hasn't yet chosen when to go ahead and was wary of adding an extra burden on consumers in the midst of the pandemic.
Al-Kuwari said Qatar isn't isolated from global tailwinds including price pressures, warning that results may not be too favourable“when you apply taxes in such inflationary cycles.”
Qatar's Ministry of Commerce and Industry, Qatar Investment Authority and Investment Promotion Agency Qatar are the underwriters of the Qatar Economic Forum, Powered by Bloomberg. Media City Qatar is the host organization.
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