DOHA: A key committee of the Advisory Committee yesterday invited top officials from the Ministry of Finance and Qatar Exchange and its regulator to discuss the draft law that seeks to allow tax exemption for foreign stock investors on capital gains and on income earned from dividend and interest on bonds.
The Financial and Economic Affairs Committee of the council held discussions with Miftah Jassim Al Miftah, Director, Public Revenues and Tax Department, at the Ministry of Finance, Saleh Yousef Al Mulla, Assistant Director, Policies Affairs, Public Revenues and Tax Department at the ministry, Salah Gueydi, First Tax Consultant, Public Revenues and Tax Department at the ministry.
Also present were Mohammed Saad Al Mahmoud, Director, Administrative and Financial Affairs Department, Qatar Financial Markets Authority (QFMA), Mohammed Ahmed Abu Hassan, Legal Adviser, QFMA, Nasser Abdul Aziz Al Emadi, Director, Insertion Department, Qatar Exchange, Mohsin Mujtaba, Director, Product and Market Development, Qatar Exchange, and Ahmad Bakri Mohammed, Adviser, Legal and Regulatory Affairs Department, Qatar Exchange, QNA reports.
The committee was earlier asked by the council to study the draft law and give opinion.
The panel had first given a favourable opinion which the council rejected, saying it was against allowing foreign stocks investors enjoying tax exemption.
The council then sent back the draft law to the committee again.
QNA said the committee had completed a review of the draft law but didn’t give details.
Details of what transpired at the discussions with the committee members of the Finance Ministry and Qatar Exchange officials were also not available.
The Peninsula
