The Austro-Arab Chamber of Commerce (AACC) organized a virtual seminar entitled: “United Arab Emirates & Qatar: New Opportunities and considerations for Multinational Companies”.
At the beginning of the webinar, the Chamber’s Secretary General, Mouddar Khouja, presented an overview of the historical, economic and commercial relations between the countries of the Gulf Cooperation Council before 2017, the demographic and economic characteristics of the UAE and Qatar, and the bilateral trade relations between the two countries. All the way to reconciliation and the signing of the Gulf Cooperation Council states and Egypt of the Al-'Ula Declaration in early January 2021, and the expectations regarding business and mutual economic benefits to revive the Gulf relations.
Khouja highlighted Qatar's hosting of the 2022 FIFA World Cup and Expo 2020 Dubai in the UAE, and their role in accelerating the tourism activity in both countries.
The Qatari and Emirati sides presented an overview of the reality of the multinational companies in the UAE and Qatar and the tax implications for these companies. The main considerations for taxation in Qatar were also highlighted with a presentation of the different Qatari tax systems. During the presentation, examples were presented on the reality of Qatari companies operating in the UAE, as well as the reality of Emirati companies operating in Qatar.
Source (AACC Website, Edited)
