Accountancy & Tax
From The Report: Qatar 2012
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In conjunction with The Advisors RSM, this chapter outlines the new rules and regulations for foreign firms operating in Qatar. It also looks at key sections of Law No. 21, a new tax code that came into effect in January 2010, as well as the executive regulations released in support of the law. This chapter includes an interview with Jaber Al Hedfa, Partner, The Advisors RSM.

Articles from this Chapter

Analysis

New rules: Changes to the tax code have had a major impact
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Article 11 of Qatar’s current tax law, Law No. 21 of 2009, which came into effect on January 1, 2010, has affected foreign corporate and individual taxpayers in Qatar in two major ways. First, Article 11 includes legislation that altered the income tax regime substantially, replacing a variable-rate system with a 10% flat rate for most corporate taxpayers. Second, Article 11 introduced a new withholding tax, which applies to income earned in Qatar by foreign firms without a permanent establishment…

Overview

By the book: A look at key sections of Law No. 21, as well as the executive regulations released in support of the law
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On November 17, 2009 the government of the state of Qatar issued a new tax code in the form of Law No. 21 of 2009. The new law, which came into effect on January 1, 2010, officially replaces Law No 11 of 1993, the country’s previous tax code. The new law was formulated after careful perusal of Qatar’s Constitution, Law No 11 of 1993 (the previous tax law), proposals from the Ministry of Economy and Finance, the draft law submitted by the Council of Ministers and input from the state’s Consultative…

Interview

OBG talks to Jaber Al Hedfa, Partner, The Advisors RSM
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Interview: Jaber Al Hedfa How would unification of financial regulations across the GCC countries benefit investors? JABER AL HEDFA: It is very important to have a common financial policy for all GCC countries, and I believe this is something investors would very much welcome. Common regulation would allow investors to move freely around the GCC region without the need to hire local professional advisors in each country. This would be a cost-effective measure for businesses and investors alike.…