Thursday 19 November 2009

Qatar Income Tax Clarification: Tax Rate Reduction (Foreigners) But New Tax on Local Firms

Qatari authorities have issued another clarification.

What seems to be happening is that there are two tax related initiatives:
  1. Imposition of an income tax on both local and foreign companies at a rate of 10%
  2. Tax relief for foreign corporations who previously were subject to 10-35% tax rate.  In effect a tax equalization so that companies both foreign and domestic pay the same rates.
Unless there's another clarification, this appears to be the final story.

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