Tax
From The Report: Qatar 2017
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This chapter contains an overview of the tax framework in which local and foreign investors operate in Qatar, including a summary of the general rules governing nationals and non-residents, the system requirements for locals and foreign entities, and an analysis of value-added tax, which is to be introduced at a standard rate.

This chapter contains a viewpoint from Wadih AbouNasr, Country Senior Partner, PwC Qatar.

Articles from this Chapter

Overview

Paid in full: An in-depth look at local tax regulations
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The current tax rules in Qatar are governed by Law No. 21 of 2009, which came into effect on January 1, 2010. The executive regulations – effective from July 1, 2011 – contain the detailed rules related to the administration of the tax regime. The Qatar Tax Department (QTD) also periodically issues circulars to provide guidance on the interpretation of provisions in the Qatar tax law and its application in practice. Electronic Tax Administration The Qatar Ministry of Finance has launched…

Analysis

Adding up: Value-added tax (VAT) and excise tax: additions to the system
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The international tax environment has been evolving rapidly in the last two years, with a number of changes affecting the GCC states. With increased budgetary requirements, sustained lower oil prices and heightened government spending requirements, the pursuit of new income sources in the region was widely anticipated. In early May 2017 the Qatar cabinet approved draft VAT and excise laws, including their Executive Regulations. The new laws are expected to be based on the wider GCC VAT and…

Interview

Fresh measures: Wadih AbouNasr, Country Senior Partner, PwC Qatar, on the possible effects of the new value-added and excise taxes
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Interview:Wadih AbouNasr Where do you see the most potential for the government to develop new revenue streams? WADIH ABOUNASR: When tasked with counteracting the slump in hydrocarbons prices, the government floated the potential introduction of value-added tax (VAT) and excise tax as initial moves to diversify revenue streams. However, it is evident that other measures will also be needed to truly diversify Qatar’s revenues, since the IMF estimates that revenues from the introduction of…