Latest news with #قطري
ILoveQatar.net
06-07-2025
- Business
- ILoveQatar.net
13 companies referred to Public Prosecution after tax evasion totalling to almost QR 36 million
Underscoring its commitment to transparency and stronger tax compliance, the General Tax Authority (GTA) has announced on 6 July 2025 the referral of 13 companies to the Public Prosecution. This action comes after these companies were implicated in tax evasion amounting to roughly QR 36 million. أحالت الهيئة العامة للضرائب 13 شركة إلى النيابة العامة، وذلك بعد ثبوت ضلوعها في قضايا تهرب ضريبي بلغت قيمتها الإجمالية 36 مليون ريال قطري. وتؤكد الهيئة استمرارها في اتخاذ الإجراءات اللازمة لضمان الامتثال وحماية مقدرات الدولة ومواردها العامة. #ضريبة_قطر #ضريبة #قطر The General… — General Tax Authority الهيئة العامة للضرائب (@tax_qatar) July 6, 2025 The referral of these companies, throughout the first half of 2025, is the result of detailed investigations conducted by the GTA's competent units, working alongside relevant government authorities. These investigations uncovered significant tax irregularities, including instances where the companies intentionally concealed their true earnings. This measure comes as part of the GTA's commitment to the objectives of Qatar National Vision 2030, specifically the pursuit of financial stability through enhanced tax system efficiency and universal adherence to responsibilities by all economic actors. This is essential for the protection of public resources and the attainment of tax justice. Moreover, the ongoing effort to combat tax evasion is integral to diversifying income resources by cultivating a resilient and sustainable financial system that underpins economic diversification and bolsters the state's ability to fund extensive development projects and realize balanced economic growth. In clarifying the matter, the General Tax Authority confirmed that the companies referred to the Public Prosecution are officially registered in Qatar. It further stated that the necessary legal measures have been taken against these entities, in line with the provisions of the Income Tax Law (Law No. 24 of 2018), which explicitly criminalizes fraudulent activities and tax evasion. Consequently, the General Tax Authority urges all taxpayers to adhere to the legally mandated deadlines for submitting transparent and accurate tax returns. It also emphasizes its ongoing commitment to combat tax evasion, a financial offense with detrimental effects on the national economy, and to apply tax laws equitably to all. These efforts aim to enhance the business environment and contribute to sustainable development in the State of Qatar. The General Tax Authority, through its various departments, continues to work towards fostering a stronger culture of voluntary compliance and building greater public trust in the tax system. The goal is to increase compliance rates, reduce evasion, and thereby prevent legal repercussions. Source & cover image credit: General Tax Authority
Qatar Living
05-06-2025
- Business
- Qatar Living
Qatar Airways signs QAR4.5bn loan facility with local Qatari banks
For the first time in 28 years, Qatar Airways has signed a landmark agreement with leading local Qatari Banks — led by QNB — to provide QAR 4.5bn in strategic financing. The financing will be provided by domestic banks in Qatar. The syndication was fully underwritten and led by QNB Group as the sole and exclusive Book Runner, Global Coordinator, Initial Mandated Lead Arranger and Structuring Bank. The lending banks include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB. أبرمت الخطوط الجوية القطرية، للمرة الأولى منذ 28 عاماً، اتفاقية تاريخية مع البنوك القطرية الرائدة، بقيادة مجموعة QNB والتي بموجبها، ستقدم هذه المصارف للناقلة القطرية تمويلاً قدره 4.5 مليار ريال قطري ليتم استثماره في تطوير وتوسيع أسطول طائراتها المميز. — الخطوط الجوية القطرية (@qatarairwaysar) June 4, 2025 This new agreement will see an innovative approach taken whereby local banks lend in Qatari Riyals in both conventional and Islamic tranches and commercial terms in line with international benchmarks for a strategic financing transaction of this nature. Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al Meer, said: 'Qatar Airways' latest purpose-driven partnership demonstrates our trust in the operational excellence of the Qatari banking sector. We're honoured to collaborate with the leading banks of Qatar as we continue to further our commitment to fulfilling the Qatar National Vision 2030. 'We thank the financial institutions that have played a vital role in shaping our journey, offering support that has helped us reach new millstones. We believe such strong and resilient partnerships remain essential for driving industry innovation and expanding global connectivity.' QNB Group Chief Executive Officer, Abdulla Mubarak Al Khalifa, said: 'We're pleased to have been selected by Qatar Airways for this prominent role. This appointment underscores QNB's expertise in structuring complex financing solutions and its commitment to supporting the growth objectives of our clients and supporting Qatar National Vision 2030.' As Qatar Airways continues its ambitious fleet and network growth strategy, the airlines said that it remains firmly committed to supporting local institutions, enhancing economic development, and contributing to national prosperity. It further added that with this agreement, the national carrier also aims to stimulate greater collaboration between the aviation and the banking sector, paving the way for innovative financial structures tailored to the airline's evolving needs while promoting national economic resilience. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
