Qatar Archives - Page 18 of 39 - LexisNexis Middle East

Qatar: New Derivatives Exchange Framework Launched

30/03/202330/03/2023
by Benjamin Filaferro

Arab News, 27 March 2023: Qatar’s financial center regulatory authority has announced the country’s stock exchange will introduce a new derivatives market, allowing the trading of options and future contracts on local stocks and the main equity index.

The market will allow for the trading of options and futures contracts on local stocks and the equity index, with a separate entity established to provide clearing and settlement services.

The move is seen as an important milestone in the development of Qatar’s capital markets and its ambition to move towards developed market status.

The new derivatives exchange is expected to provide opportunities for investors to better manage and diversify their financial portfolios.

For the full story, click here.

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News developments

Qatar: Ministry Launches First Phase of Qatar’s Real Estate Platform

23/03/202323/03/2023
by Benjamin Filaferro

The Peninsular, 16 March 2023: Qatar’s Ministry of Municipality has announced, on 15 March 2023, the launch of the first phase of the country’s real estate platform.

The platform aims to collect and store real estate data from various sources in a central platform to achieve future and strategic goals of the real estate sector.

The platform will provide indicators for those involved in the real estate sector by collecting and analyzing real estate data from various authorities in the country and will benefit both government agencies and the private sector.

The second phase of the project will involve more accurate linking with concerned authorities, while the third phase will focus on launching services more effectively through the platform.

For the full story, click here.

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News developments

Qatar: Shura Discusses Labour Market Issues

16/03/202316/03/2023
by Benjamin Filaferro

Lusailnews, 14 March 2023: During a regular session, the Shura Council has discussed labour market issues, including the appointment of Qatari nationals in the private sector.

The Labour Minister has stated the new draft labour law will impose penalties on establishments which violate the conditions and regulations for employing Qataris, including warnings, transaction suspensions, and financial fines.

Additionally, the law includes incentives and facilities to attract Qatari talent, such as financial benefits and exemptions from government fees.

For the full story, click here.

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News developments

Get Ready to Level Up Your Tax Game with the Exciting New Spring 2023 Edition of Lexis® Middle East Gulf Tax!

15/03/202315/03/2023
by Benjamin Filaferro

We’re thrilled to announce the latest edition of Lexis® Middle East Gulf Tax, the very first of its kind in the GCC! Our complimentary magazine offers insightful updates on the latest tax and financial developments across the GCC region.

In this edition:

Points of Law: What do we know now about how the new UAE Corporate Income Tax regime will operate?

Nearly one year after the UAE first announced its intention to introduce corporate income tax, the Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses has been published. Thomas Vanhee from Aurifer Middle East Tax provides an explanation of what we can expect from the new tax system.

The more the merrier? What are the advantages and disadvantages of creating a tax group in the UAE Corporate Income Tax context?

The UAE’s Federal Decree-Law No. 47/2022 On the Taxation of Corporations and Businesses permits UAE companies to establish tax groups. Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, clarifies that this can simplify tax management, but it’s crucial to have a thorough understanding of tax groups as they are complex mechanisms.

Tax News Round-Up

Stay informed about the latest updates in tax treaties and regulations throughout the region. This includes a regulatory round-up of recent changes and information on tax treaties.

Practical Focus on Tax residency in the UAE

Zain Satardien of Hourani & Partners in Dubai discusses the importance of Cabinet Decision No. 85/2022 on Tax Domicile in the UAE, which clarifies the criteria for tax residency for individuals and legal entities in the country. Zain’s Practice Note covers rules for determining tax residency, corporate taxability, and the FTA’s authority to request information.

Tax Professional Profile: Working Where Tax Is New

Laurent Bertin, Regional Head of Tax at Airbus Africa and Middle East, elaborates on the difficulties of operating in jurisdictions where the tax landscape is still developing.

Practitioner Perspective on Significant UAE VAT Law Changes

Tyne Hugo and John Peacock of BSA Ahmad Bin Hezeem & Associates summarise recent changes to the UAE VAT Law, including new definitions, a provision for more flexibility, clarification on tax invoices, and changes to tax audits. They also mention a temporary amendment to the definition of “Goods” and administrative changes impacting UAE VAT payers, such as the new Emara-Tax system.

Do They Have Income Tax in Oman?

Shiraz Khan of Al Tamimi & Company provides insight into the current status of Oman’s proposed implementation of Personal Income Tax (PIT).

Special thanks to Alchemy Search for supporting tax professionals by connecting businesses with talent across the GCC and beyond!

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Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Lexis Middle East Gulf Tax_Spring 2023

Have you read the Lexis® Middle East Gulf Tax – 2022 editions? Click the links below to access and read these editions.

Lexis Middle East Gulf Tax | Winter 2022

Lexis-Middle-East-Gulf-Tax_| Autumn 2022

Lexis® Middle East Gulf Tax | Summer 2022

News developments

Qatar: Decision to Regulate Subsidized Construction Materials Suspended

09/03/202309/03/2023
by Benjamin Filaferro

Alqabas, 5 March 2023: Qatar’s Trade and Industry Minister has suspended the implementation of Qatar Ministerial Decision No. 30/2023, which regulates subsidized construction materials, for further examination.

According to sources, the decision has been suspended to review and make amendments which will protect the interests of nationals who benefit from the subsidized materials to construct their homes.

As a result, the mechanism for dispensing construction materials to nationals will remain the same as it was before the decision was made.

For the full story, click here.

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News developments

Qatar: Judicial Supreme Council Issues Family Bank Card

02/03/202302/03/2023
by Benjamin Filaferro

Raya, 27 February 2023: Qatar’s Judicial Supreme Council has launched a prepaid family bank card, designed to facilitate timely payment of regular expenses for entitled beneficiaries.

The card will be funded from the Families Deposits Account through the Qatar Islamic Bank.

The initial batch of cards was issued in February and can be used by families receiving maintenance payments to ensure beneficiaries receive their court-allocated funds.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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Expired Fordham Law’s Compliance Institute: Local Perspectives, Global Outlook | 20 March 2023 | 09:00AM to 05:00PM (UAE Time)

23/02/202320/10/2023
by Tanya Jain

We're sorry, but all tickets sales have ended because the event is expired.

Fordham Law’s Compliance Institute: Local Perspectives, Global Outlook
20/03/2023
8:30 AM - 5:00 PM

Join us on 20 March 2023 for Fordham Law’s Compliance Institute: Local Perspectives, Global Outlook 2023!

News developments

Qatar: Sports Integrity and Transparency Guide Issued

16/02/202316/02/2023
by Benjamin Filaferro

Lusailnews, 14 February 2023: Qatar’s Administration and Transparency Regulatory Authority has launched a Guide for Boosting Integrity and Transparency in Sports.ll.

The guide has been launched with the Sports and Youth Ministry, the Qatari Olympic Committee, the Supreme Committee for Projects and Heritage, and the Qatari Federation for Football. It guide aims to promote Qatar’s sports achievements.

It will be used as a point of reference for current and future projects, including the AFC Asian Cup.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

Hot off the Press: Get the Inside Scoop with the Latest Edition of Lexis® Middle East – HR Alert!

16/02/202316/02/2023
by Benjamin Filaferro

Get ready to stay ahead of the game with the newest issue of our top-rated HR magazine – the Lexis® Middle East – HR Alert! This must-read publication offers exclusive updates on the most recent labour and employment law changes and cases, as well as invaluable advice on region-specific HR policies and templates.

From informative interviews with renowned regional HR professionals to expert guidance on the latest industry trends, this complimentary magazine has it all. Don’t miss out on your chance to gain a competitive edge – get your hands on the latest edition of the HR Alert now!

In this edition:

Foolish to Fake It

New Emiratisation regulations are in place as of January 2023, but some employers are trying to bypass them. Learn about the negative consequences from Dr Laura Voda and Maquelin Pereira of Fichte & Co.

Meet Me in the Metaverse

UAE Technology Recruitment specialist Marc Ellis has set up a replica of their office in the Metaverse. Learn about their experiences in this exciting new virtual space.

Immigration Focus: Recent GCC Immigration and Visa Changes

Stay informed on the latest immigration updates in the GCC with Vialto Partners. Keep track of changes and make sure you comply with new regulations.

Immigration Profile: Embracing Change

Anir Chatterji, Partner at Vialto Partners, shares insights on how the Russia-Ukraine war and evolving GCC immigration policies have impacted his work. Stay ahead of the curve with expert analysis.

Law Changes: New and Proposed MENA Laws – Health Insurance

Stay on top of the latest legal changes in the MENA region! Learn how Dubai Administrative Decision No. 78/2022 is impacting health insurance rights for employers from experts Bassem Daher and Yara Hifni of Galadari Advocates & Legal Consultants.

HR Profile: Attract and Retain

Maisa Maarouf, Head of HR & Administration at BSA Ahmad Bin Hezeem & Associates LLP, shares the importance of staff retention initiatives in her work. Learn how to attract and keep top talent.

Practitioner Perspective: Recent Reforms in Saudi Arabia

Stay informed on the latest labour laws in Saudi Arabia! Check out Clyde & Co’s MEA Employment Partner, Sara Khoja’s insights on the fundamental reforms that could make it easier for employers to attract top talent.

Moves and Changes

Stay up-to-date on the latest business happenings with our round-up of moves, changes, appointments, and promotions.

Policy Pointers: Probation Policies

Probation periods in employment contracts give employers time to evaluate new hires and employees a chance to review their work conditions before committing long-term. Typically lasting 3-12 months. Get policy pointers from expert Sulakshana Senanayake of Afridi & Angell for similar policies in the DIFC.

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Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

LexisNexis Middle East HR Alert_January 2023

Have you read the Lexis® Middle East HR Alert – June and September 2022 editions? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert – November 2022

LexisNexis Middle East HR Alert – June 2022

LexisNexis Middle East HR Alert – September 2022

News developments

Qatar: Shura Council Approves Draft Law Amending Real Estate Law

09/02/202309/02/2023
by Benjamin Filaferro

The Peninsula, 6 February 2023: Qatar’s Shura Council has held its regular weekly session, where it approved a draft law amending some provisions of Qatar Law No. 6/2014 Regulating Real Estate Development.

This has been approved after the Legal and Legislative Affairs Committee’s report was reviewed. Its provisions have also been discussed by the Council.

The amendments have included several definitions contained in the draft, the establishment of a special register for those licensed to practice real estate development, and another register for those licensed to practice the profession.

The amendments have also defined the obligations of real estate developers.

The draft regulates the relationship between developers and banks.

It stipulates the opening of an account by agreement between both parties, in which the rights and obligations of both are to be determined.

The amendments also include asking developers to submit an accounting statement detailing the amounts spent on the project.

It has grants judicial authority to the Real Estate Regulatory Authority’s employees and establishes a licensing committee.

The Committee will be entrusted with issuing licenses to real estate developers and companies which operate in the field by managing and maintaining real estate which is under construction.

The Council has also approved a draft law amending some provisions of Qatar Law No. 24/2006 on issuing the Law of Fertilizers and Agricultural Soil Improvers in GCC countries.

This had been referred to the Council by the government, after reviewing the Services and Public Utilities Committee’ report.

In addition, they have also approved a request to extend the work of the Cultural Affairs and Information Committee to study a draft law on documents and archives.

The Council’s Speaker briefed members on a submitted proposal to include an emergency clause on criminalizing contempt for religions and spreading hatred among people.

The proposal has called for the promotion of values like coexistence, tolerance, international peace and security.

It will be on the agenda of the 146th General Assembly of the Inter-Parliamentary Union, which will be held next March.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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