CABINET APPROVES DRAFT LAW ON NON-QATARI CAPITAL INVESTMENTS

The Cabinet approved during its regular meeting, held yesterday and chaired by HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani, a draft law regulating investments by non-Qataris in the economy and agreed to refer it to the Advisory Council.

The draft law is set to replace Law No.13 of 2000 on the same issue.

The Cabinet further approved a proposition by the Ministry of Finance to adopt the international standards agreed by the Organisation for Economic Co-operation and Development (OECD) on preventing the corrosion of taxes and on the transfer of profits. The goal of those standards was to combat tax avoidance on the part of multinational entities.

Source: Government of Qatar