Tax
From The Report: Qatar 2020
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On December 13, 2018 Qatar repealed the decade-long Income Tax Law (Law No. 21 of 2009) and issued the new Income Tax Law (Law No. 24 of 2018). Executive regulations (ERs) implementing Law No. 24 of 2018 were published on December 11, 2019. Highlights have been prepared based on the ERs accompanying Law No. 24 of 2018. The new ERs contain substantive changes covering the determination of taxable income, withholding tax application, exemption of Qatar/GCC natural persons, subsidiaries of listed entities and transfer pricing. The effective date of these new ERs was the day after their issuance in the Official Gazette: December 12, 2019. This chapter contains a viewpoint from Sultan Hassan Al Dosari, Chairman; and Alamgir Khan, Deputy Chairman, Grant Thornton Qatar.

Articles from this Chapter

Overview

Updated framework: A comprehensive guide to the country’s taxation laws
OBG
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On December 13, 2018 Qatar repealed the decade-long Income Tax Law (Law No. 21 of 2009) and issued the new Income Tax Law (Law No. 24 of 2018). Executive regulations (ERs) implementing Law No. 24 of 2018 were published on December 11, 2019. Highlights have been prepared based on the ERs accompanying Law No. 24 of 2018. The new ERs contain substantive changes covering the determination of taxable income, withholding tax application, exemption of Qatar/GCC natural persons, subsidiaries of listed…

Viewpoint

Stakeholder interest: Sultan Hassan Al Dosari, Chairman; and Alamgir Khan, Deputy Chairman, Grant Thornton Qatar, on balancing tax reform and attracting foreign investment
OBG
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Viewpoint:Sultan Hassan Al Dosari; and Alamgir Khan Qatar has successfully handled the effects of the embargo imposed on it by neighbouring countries since mid-2017. Authorities have presented a 2020 budget showing five years of high expenditure and a surplus of QR500m ($137.2m). Revenue is unchanged from the 2019 budget, at QR211bn ($57.9bn), while expenditure is forecast to increase by 2%. The challenge for Doha is to maintain economic activity, and to attract more investment and generate…