Doha: The General Tax Authority (GTA) stressed the importance of achieving international cooperation to develop tax systems, taking into account the need to find a balance between the flexibility of commercial activities and increasing tax revenues and ensuring their continuity and between the requirements of attracting investments and encouraging the private sector to develop its business.
In a technical workshop organised yesterday in cooperation with the Organization for Economic Co-operation and Development (OECD), GTA explained that achieving balance requires careful studies so that tax systems allow the flexibility required to encourage the private sector to increase its investments and expand its economic activities, at a time when it is working to increase tax revenues, which supports the fiscal position of governments, and enables them to boost public spending.
The workshop also discussed the proposed changes to international tax rules with the aim of addressing the tax challenges arising from the digitization of the economy, and providing an opportunity for the participating parties to exchange experiences and information, comply with international obligations to meet the challenges arising from the digitization of the economy, and follow the best tax practices.
