Wednesday 18 November 2009

Qatar to Introduce Corporate Tax From 1 January 2010

See updated post here.

The local GCC press is abuzz with the news that Qatar has passed a law establishing an income tax  effective from 1 January 2010.

That would make it the first GCC state to have a general income tax with the exception of the Bahrain income tax which is only on oil companies.

Some accounts differ on whether the tax will apply only to companies or individuals as well. 

AlQabas (Kuwait) huna is in the no personal tax column.

Maktoob takes an opposing view here.

AlRiyadh (Saudi) huna shares Maktoob's view.

Qatar Tribune with the apparent definitive answer:  companies only.

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