Qatar rejects income tax plan

 

There are currently no plans to introduce a general income tax in Qatar.  President General Tax Authority,  Qatar rejects plan to impose income tax in the country, General Tax Authority.  

(GTA) President Ahmed bin Issa Al-Mahanadi has confirmed that there is currently no plan to impose general income tax in Qatar.  According to Doha News, Qatar has one of the lowest tax rates in the world. Authorities are continuing their efforts to encourage investment in the country.  Or depending on the profit, it is calculated by multiplying the tax rate by the taxable income.

 Earlier this year, experts predicted that the country would not welcome the introduction of a general tax for the public due to the nature of the region, so in a country like Qatar where there are large numbers of foreigners, there is a possibility of a general income tax.  No, this is because tax-free income in Qatar and other Gulf states is seen as an incentive for immigrants seeking to enter the region.

 It is worth mentioning here that there are still two types of taxes already in force in Qatar, the first being income tax which is applicable annually to the total income of companies and non-company taxpayers subject to income from foreign shares.  The second is the selective tax, which applies to excise goods, while the plan to introduce VAT in the Gulf region initially began in 2017, when the Gulf Cooperation Council-building countries, namely Qatar, Saudi Arabia and the United Arab Emirates.  The UAE, Bahrain, Kuwait and Oman signed a framework that would guide its implementation. Within six months, Saudi Arabia and the UAE became the first countries to implement the measure, while others  GCC countries pushed their timelines further.