Tax Department
Last Updated :
06 June 2011
Vision Statement
Our vision is threefold:
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To create an efficient and robust tax environment where all participants fully understand and comply with their tax responsibilities.
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For the QFC tax regime to be recognised locally, regionally and internationally as a fair, simple androbust model for the taxation of financial services, whilst supporting Qatar’s goal of becoming the preferred place in which to conduct business.
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To be regarded as a role model for the development of tax regimes in the Middle East
Mission Statement
To collect QFC tax revenues correctly and in a timely manner whilst supporting the QFC’s wider strategic goals,ensuring the QFC tax regime is administered in a fair, efficient and equitable manner by motivated and professional staff. Our guiding principles are consistency, transparency and clarity
Summary of the QFC Tax Regime
Until 30 April 2008, licenced firms benefited from a 3 year tax holiday which was extended to 31 December 2009. From 1 January 2010 onwards, an internationally competitive corporation tax rate of 10% has been implemented. The underlying philosophy of the tax regime is that companies only pay tax on their profits, rather than on turnover, or on the distribution of profits to shareholders. The QFC Tax Regulations and Rules may be found here: (Regulations and Rules) and a useful summary of the QFC tax regime inQ&A form may be found here:
For Tax Enquiries Please Contact:
Telephone (+974) 44967649
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.