Page 18 - Pwc Middle News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Surge in Mideast M&A activity bucks global trends in 2020
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Idex 2021: What to expect at the Middle East s biggest defence expo
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(MENAFN - The Peninsula)
Lani Rose R Dizon / The Peninsula
Businesses in Qatar have been urged to prepare for the expected implementation of value added tax (VAT) in the country. Experts from global consulting firm PwC Middle East who spoke at a webinar hosted by the Chartered Accountants of Sri Lanka in Qatar, recently, said business organisations across Qatar need to conduct VAT impact assessment even before the government issues the final legislation. The PwC experts also stressed that Qatar is now VAT ready in terms of the country s legislation and system readiness. Qatar has started preparing for the VAT implementation back in 2016, around the same time the country has signed the GCC VAT framework. In terms of readiness, Qatar is ready when it comes to regulations, (IT) system readiness, and the General Tax Authority s (GTA) ability to have a team on the ground to deal with tax payers, said Rania Ibrahim, Manager for Tax and Legal Services at PwC Middle East.
17 Feb 2021 - 8:53
File photo used for representation only.
Lani Rose R Dizon / The Peninsula
Businesses in Qatar have been urged to prepare for the expected implementation of value added tax (VAT) in the country. Experts from global consulting firm PwC Middle East who spoke at a webinar hosted by the Chartered Accountants of Sri Lanka in Qatar, recently, said business organisations across Qatar need to conduct VAT impact assessment even before the government issues the final legislation. The PwC experts also stressed that Qatar is now VAT ready in terms of the country’s legislation and system readiness.
“Qatar has started preparing for the VAT implementation back in 2016, around the same time the country has signed the GCC VAT framework. In terms of readiness, Qatar is ready when it comes to regulations, (IT) system readiness, and the General Tax Authority’s (GTA) ability to have a team on the ground to deal with tax payers,” said Rania Ibrahim, Manager for Tax and
Dubai: The GCC capital market activity is seen picking up as the regional economies have transitioned to a ‘new normal’ characterised by uncertainties, according to Pwc’s GCC Capital Markets Watch survey.
“GCC IPOs [initial public offerings] have resumed albeit with limited activity. In contrast, the debt market has been highly active and we expect the debt market activity to continue in the near future,” said Mohamed ElBorno, Partner, Head of Assurance at PwC Middle East.
Resilient primary market
Despite the uncertainties experienced in 2020 due to the pandemic, GCC witnessed seven IPOs totalling $1.6 billion in proceeds.
Tadawul continued to be the most active GCC stock market in 2020 contributing 86 per cent of the total proceeds raised and 57 per cent of the number of listings.
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