Doha, October 30 (QNA) - The General Tax Authority (GTA) hosted a regional workshop, titled "Regional Workshop on the Global Anti-Base Erosion Rules: In-Depth Discussion on the Design and Implementation of DMTT."

On that occasion, President of the GTA Ahmed bin Issa Al Mohannadi noted the significant importance of this workshop as it sheds light on the decision to implement Pillar 2 and enact the global minimum corporate tax rate for Multinational Enterprises (MNEs), in addition to the in-depth discussions on the design and execution of a Qualified Domestic Minimum Top-up Tax (QDMTT), aiming to raise awareness about the need to combat tax-base erosion and profit shifting, which will ultimately contribute to promoting Qatar's appeal as a global investment destination.

He invited the attendees to make the most of this workshop by active engaging, which will offer a unique platform for interaction and exchange of experiences concerning the design and implementation of Pillar 2.

On the first day of the workshop, participants received an overview of recent developments related to the Global Anti-Base Erosion Model Rules (GloBE Rules) and the Qualified Domestic Minimum Top-up Tax (QDMTT). The day also featured discussions on economic impact assessments, along with a presentation that covered the elements to consider in the design and implementation of a QDMTT.

The second day featured focused sub-workshops on the design and implementation of QDMTT, with active participation from attendees who shared their relevant experiences.

GTA's hosting of the regional workshop aligns with its mission to promote tax transparency, facilitate information exchange for tax purposes among participating nations, bridge gaps in todays interconnected tax systems, and strengthen international economic cooperation. This approach is intended to yield mutual benefits, uphold the Anti-Base Erosion Rules, and prevent double taxation.

In addition, the GTA's diversification contributes to the realization of the Qatar National Vision 2030 objectives, which are centered on achieving sustainable development, promoting economic diversification, and ensuring a prosperous future for generations to come.

(QNA)