Qatar Tax Agency Announces Capital Gains Tax Exemption for Corporate Restructurings

The Qatari General Tax Authority March 29 announced a capital gains tax exemption for corporate restructurings. The announcement includes that: 1) the exemption applies to gains arising from intra-group restructurings; 2) capital gains tax applies to net gains arising from the sale or disposal of shares or ownership interests in companies that are resident or registered within the country, real estate related to taxable business activities, and certain properties located outside the country when disposed of by Qatari projects not connected with a permanent establishment abroad; 3) the tax covers tangible and intangible assets associated with taxable business activities; 4) ...