Taxation Sector Research Highlights

Viewpoint

Barbara Henzen, Partner and Head of Tax, KPMG in Qatar: Viewpoint
OBG
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In recent years, Qatar has emerged as a significant player in the global economy, driven by its economic transformation and regulatory reforms. The country has made notable progress in diversifying its economy beyond hydrocarbons, with focused efforts on logistics, manufacturing, financial services, tourism and technology sectors. This economic diversification aligns with Qatar National Vision 2030,…

Overview

Qatar enhances business climate through key tax regulations
OBG
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Qatar’s tax landscape is rapidly evolving with the introduction of transfer pricing filing requirements in 2020 and a domestic minimum top-up tax (DMTT) for large multinational enterprises, effective from January 1, 2025. These developments reinforce Qatar’s commitment to global tax alignment while maintaining its appeal as an investment destination. Looking ahead, the next major changes include…

Chapter

The Report: Qatar 2025: Tax
OBG
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Qatar is updating its tax system to align with global standards and attract investment. Key reforms include a 15% global minimum tax for large multinationals starting in 2025, and VAT introduction in 2026. While corporate tax applies mainly to foreign-owned entities, individuals remain exempt from personal income tax. Free zones and the Qatar Financial Centre offer significant tax incentives. New measures…

Country Report

The Report: Qatar 2025
OBG
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Qatar is channeling its hydrocarbons wealth into long-term economic transformation, with diversification accelerating after the FIFA 2022 World Cup. In 2024 non-oil sectors accounted for over 60% of GDP, led by tourism, logistics and financial services. Strong fiscal buffers, a US dollar peg and prudent management of the $475bn Qatar Investment Authority support macroeconomic stability. Reforms in

Country Report

The Report: Oman 2025
OBG
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Oman is actively diversifying its economy as part of its Oman Vision 2040 strategy, reducing its reliance on hydrocarbons by expanding sectors like agriculture, fisheries, manufacturing, and banking. The government’s focus on sustainable development is driving growth, particularly through strategic reforms, infrastructure projects and investment in renewable energy...

Country Report

The Report: Ajman 2025
OBG
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Ajman has emerged as a strategic centre for non-oil economic growth, leveraging its free zones, infrastructure investments and cultural heritage. The emirate’s GDP reached Dh36bn ($9.8bn) in 2023, with key contributions from manufacturing, construction and trade. Ajman Vision 2030 outlines a roadmap for sustainable, inclusive development, prioritising smart governance, environmental protection,

Overview

Bahrain's tax landscape matures with corporate income tax and e-invoicing updates
OBG
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Bahrain remained a tax-free jurisdiction until 2017, when the kingdom introduced excise tax – followed by the implementation of value-added tax (VAT) two years later. The country’s tax landscape continues to evolve, with a number of other notable tax and reporting regulations launched in recent years. Among these, a domestic minimum top-up tax (DMTT) law will take effect for Bahrain entities that…

Chapter

The Report: Bahrain 2024: Tax
OBG
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Bahrain’s tax landscape has evolved in recent years, with the introduction of excise tax in 2017 and value-added tax in 2019. Since then, new regulations have been aimed at improving financial oversight. Notably, a domestic minimum top-up tax law is set to be implemented in 2025, impacting Bahraini entities that are part of large multinational enterprise groups. As a financial leader in the Middle…

Viewpoint

Mubeen Khadir, Head of Tax and Corporate Services, KPMG Fakhro: Viewpoint
OBG
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On September 1, 2024 Bahrain became the first GCC country to implement a domestic minimum top-up tax (DMTT) aligned with pillar two of the OECD base erosion profit shifting inclusive framework. The DMTT law applies the global minimum tax of 15% on Bahraini constituent entities of multinational enterprises (MNEs) and contains key operative provisions of pillar two of the OECD global anti-base erosion…

Country Report

The Report: Bahrain 2024
OBG
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Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ

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Taxation Sector Research Highlights

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