Tax
Last Updated :
12 June 2011
Tax is a key issue for international businesses. The Qatar Financial Centre has consulted widely within the business community to ensure that its tax regime achieves a fair balance between its fiscal objectives and the needs of businesses licensed by the Centre.
The result is a class-leading regime which is designed to create an internationally competitive fiscal environment for the conduct of business activities, promote the international reputation of the Qatar Financial Centre and provide, in the long term, funding for the development and operation of the Qatar Financial Centre.
The Qatar Financial Centre will levy a low tax rate on business profits of 10%, with profits generally to be based on accounts, whether prepared under IFRS or other appropriate GAAP. Broadly, only local source business profits will be subject to tax. Other key features of the Qatar Financial Centre's tax regime and details of the provisions of the tax law are included in the attached QFC Tax Regime Q&A (pdf). The new tax regime is effective from 1 January 2010
For Tax enquiries please contact
Telephone(+974) 44967649
Facsimile (+974) 44967650
Emails tax@qfc.com.qa
In person
Meetings with us may be arranged in the QFC tower, or in your office, by telephoning us on the above number
In writing
The Tax Department
2nd Floor
QFC Tower
P.O. Box 23245
Doha
Please quote your taxpayer identification number when writing.