Latest news with #LawNo.24
Arab Times
3 days ago
- Business
- Arab Times
Improper storage, labeling land Kuwait cooperatives in trouble
KUWAIT CITY, July 20: The committee tasked to follow up on the implementation of Ministerial Resolution No. 31/2025 conducted a field inspection tour with the participation of representatives from the Ministry of Commerce and Industry. In a press statement, Committee Chairman and Cooperative Supervisor Yousef Al-Jafour revealed that the inspection of cooperatives in Farwaniya and Hawally governorates resulted in the issuance of several judicial seizure orders against cooperatives proven to have violated the resolution, particularly Article Eight, which is related to cleanliness and quality. He said the violations include poor storage of agricultural products that led to spoilage and the formation of molds, in addition to improper display methods and the failure to replenish goods regularly. He affirmed that the confiscated items will be referred to the Investigations Department at the Ministry of Interior, and then to the Misdemeanor Judge, indicating the fine may reach KD500. He stressed the need to put labels showing the country of origin, weight, and price to avoid violations. He explained that Law No. 24/1979, amended by Law No. 118/2013, grants the Ministry of Social Affairs the authority to monitor the work of cooperatives. He stated that 'Ministerial Resolution No. 46T/2021 stipulates gradual progression of penalties, ranging from a warning to the suspension of transactions and the labor file at the Public Authority for Manpower (PAM).' He also disclosed that intensive monitoring, since the issuance of Administrative Resolution No. 1650/2025 on supporting the promotion of local products, resulted in a decline in violations and an increase in the percentage of local vegetable purchases from 46 percent in June 2024 to more than 70 percent at present. He added the ministry is studying a new mechanism to enhance the prioritization of local products in cooperatives, as per the directive of Assistant Undersecretary for Financial, Administrative and Cooperative Affairs Dr. Sayed Issa.
Gulf Insider
08-07-2025
- Business
- Gulf Insider
Qatar Refers 13 Companies to Prosecution Over Tax Evasion
Qatar's General Tax Authority (GTA) has referred 13 companies to the Public Prosecution for alleged tax evasion totalling QR36m ($9.9m) during the first half of 2025. The GTA confirmed the referrals stem from thorough investigations conducted in collaboration with relevant government bodies. The probe uncovered major irregularities, including cases of companies intentionally concealing income to evade taxes. The measure comes as part of the GTA's commitment to the objectives of Qatar National Vision 2030, specifically the pursuit of financial stability through enhanced tax system efficiency and universal adherence to responsibilities by all economic actors. The 13 companies, all legally registered in Qatar, are now subject to legal proceedings under the provisions of Law No. 24 of 2018 — the country's Income Tax Law — which criminalises tax evasion and fraudulent reporting. The GTA reiterated its commitment to fair enforcement and called on all taxpayers to submit accurate and timely tax returns, warning that evasion not only harms the economy but also undermines efforts to create a sustainable and diversified financial system. Tackling tax evasion is a key pillar of Qatar's broader strategy to diversify income sources and support long-term development. By building a resilient financial system, the state aims to fund infrastructure projects, enhance investor confidence, and achieve balanced economic growth. The GTA also stressed the importance of cultivating a culture of voluntary compliance and building public trust in the tax system, to raise compliance rates and reduce the burden of enforcement over time. Also read: Qatar Tax Authority Exempts $247m In Penalties For 4,000 Companies
Qatar Tribune
06-07-2025
- Business
- Qatar Tribune
GTA refers 13 firms to Public Prosecution for tax evasion
Tribune News Network Doha Underscoring its commitment to transparency and stronger tax compliance, the General Tax Authority (GTA) has referred 13 companies to the Public Prosecution. The move comes after these companies were implicated in tax evasion amounting to roughly QR36 million. In a press release issued on Sunday, the GTA said that the referral of these companies, throughout the first half of 2025, is the result of detailed investigations conducted by the GTA's competent units, working alongside relevant government authorities. The investigations uncovered significant tax irregularities, including instances where the companies intentionally concealed their true earnings. It said this measure comes as part of the GTA's commitment to the objectives of Qatar National Vision 2030, specifically the pursuit of financial stability through enhanced tax system efficiency and universal adherence to responsibilities by all economic actors. This is essential for the protection of public resources and the attainment of tax justice. Moreover, the ongoing effort to combat tax evasion is integral to diversifying income resources by cultivating a resilient and sustainable financial system that underpins economic diversification and bolsters the state's ability to fund extensive development projects and realize balanced economic growth. In clarifying the matter, the GTA confirmed that the companies referred to the Public Prosecution are officially registered in Qatar. It further stated that the necessary legal measures have been taken against these entities, in line with the provisions of the Income Tax Law (Law No. 24 of 2018), which explicitly criminalises fraudulent activities and tax evasion. Consequently, GTA urged all taxpayers to adhere to the legally mandated deadlines for submitting transparent and accurate tax returns. It also emphasised its ongoing commitment to combat tax evasion, a financial offense with detrimental effects on the national economy, and to apply tax laws equitably to all. These efforts aim to enhance the business environment and contribute to sustainable development in the State of Qatar. The GTA continues to work towards fostering a stronger culture of voluntary compliance and building greater public trust in the tax system. The goal is to increase compliance rates, reduce evasion, and thereby prevent legal repercussions.
ILoveQatar.net
06-07-2025
- Business
- ILoveQatar.net
13 companies referred to Public Prosecution after tax evasion totalling to almost QR 36 million
Underscoring its commitment to transparency and stronger tax compliance, the General Tax Authority (GTA) has announced on 6 July 2025 the referral of 13 companies to the Public Prosecution. This action comes after these companies were implicated in tax evasion amounting to roughly QR 36 million. أحالت الهيئة العامة للضرائب 13 شركة إلى النيابة العامة، وذلك بعد ثبوت ضلوعها في قضايا تهرب ضريبي بلغت قيمتها الإجمالية 36 مليون ريال قطري. وتؤكد الهيئة استمرارها في اتخاذ الإجراءات اللازمة لضمان الامتثال وحماية مقدرات الدولة ومواردها العامة. #ضريبة_قطر #ضريبة #قطر The General… — General Tax Authority الهيئة العامة للضرائب (@tax_qatar) July 6, 2025 The referral of these companies, throughout the first half of 2025, is the result of detailed investigations conducted by the GTA's competent units, working alongside relevant government authorities. These investigations uncovered significant tax irregularities, including instances where the companies intentionally concealed their true earnings. This measure comes as part of the GTA's commitment to the objectives of Qatar National Vision 2030, specifically the pursuit of financial stability through enhanced tax system efficiency and universal adherence to responsibilities by all economic actors. This is essential for the protection of public resources and the attainment of tax justice. Moreover, the ongoing effort to combat tax evasion is integral to diversifying income resources by cultivating a resilient and sustainable financial system that underpins economic diversification and bolsters the state's ability to fund extensive development projects and realize balanced economic growth. In clarifying the matter, the General Tax Authority confirmed that the companies referred to the Public Prosecution are officially registered in Qatar. It further stated that the necessary legal measures have been taken against these entities, in line with the provisions of the Income Tax Law (Law No. 24 of 2018), which explicitly criminalizes fraudulent activities and tax evasion. Consequently, the General Tax Authority urges all taxpayers to adhere to the legally mandated deadlines for submitting transparent and accurate tax returns. It also emphasizes its ongoing commitment to combat tax evasion, a financial offense with detrimental effects on the national economy, and to apply tax laws equitably to all. These efforts aim to enhance the business environment and contribute to sustainable development in the State of Qatar. The General Tax Authority, through its various departments, continues to work towards fostering a stronger culture of voluntary compliance and building greater public trust in the tax system. The goal is to increase compliance rates, reduce evasion, and thereby prevent legal repercussions. Source & cover image credit: General Tax Authority
See - Sada Elbalad
20-04-2025
- Politics
- See - Sada Elbalad
Egypt to Implement Daylight Saving Time on Thursday
Taarek Refaat The Official Gazette announced the implementation of daylight saving time in Egypt starting next Thursday, April 24. The decision added that the implementation falls within the framework of the daylight saving time system approved in accordance with Law No. 24 of 2023. The clocks will be set forward 60 minutes starting at midnight on Thursday, April 24, 2025, so that the official time will be 1:00 AM on Friday, April 25, 2025, instead of 12:00 PM. He added that the amendment comes in light of the law's provisions regarding the daylight saving time system, which aims to achieve optimal energy use and organize time in line with international regulations. Most smart devices will automatically update, but it is recommended to manually adjust the time on devices that do not automatically update. It is worth noting that this time will continue until the end of the last Thursday of October, when the clocks will be reset to winter time. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
