As a Gulf Cooperation Council (GCC) member state, Qatar is expected to introduce a harmonized VAT regime with a standard rate of 5% VAT from January 1, 2019. The introduction of VAT will be a positive step for the country as Qatari firms and institutions will be required to do meticulous planning to run business under the VAT regime.
Related Posts
Saudi Arabia approves tax treaty with Qatar
The Saudi Arabian Council of Ministers approved the ratification of the income tax treaty with Qatar on 5 November 2024. The treaty, which is a first of its kind between the two Gulf monarchies, aims to eliminate double taxation, prevention as
Read MoreCambodia, Qatar to negotiate income tax treaty
Representatives from Cambodia and Qatar conducted the initial round of negotiations for an income tax treaty from 21 to 24 October 2024. The meetings were co-chaired by Seng Cheasith, Director of Legislation, Tax Policy, and International Tax
Read MoreQatar approves amending protocol to tax treaty with Norway
Qatar's Council of Ministers approved for ratification the amending protocol to the income tax treaty with Norway on 23 October 2024. Earlier, Norway and Qatar signed an amending protocol to the 2009 Norway—Qatar Income Tax Treaty on 4
Read MoreUS: Treasury releases list of boycott countries
The US Treasury published a notice in the Federal Register regarding the current list of countries that may necessitate participation in or cooperation with an international boycott on 1 October 2024. The countries identified include Iraq,
Read MoreSaudi Arabia ratifies tax treaty with Qatar
Saudi Arabia's Shura Council ratified the income tax treaty with Qatar on 2 October 2024. Previously, Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May, 2024. The treaty, which is a first of its kind between the two Gulf
Read MoreEstonia ratifies income tax treaty with Qatar
Estonia ratified a tax treaty with Qatar, the Act was published in the Official Gazette on 18 September 2024. It will take effect once the ratification instruments are exchanged and will apply from 1 January of the year after it comes into
Read More