smart881
07-20-2009, 08:57 AM
Tax is levied on the net income of foreign entities from their activities in Qatar including income from projects or contracts executed in Qatar, sale of company assets, commercial agency commissions, service fees, property rents, proceeds from sale, assignment or rent of a concession and the use of intellectual property rights, and profits from liquidation. Personal income from salaries, wages, allowances and related items is not taxed.
Tax is levied at progressive tax rates for various slabs of net income. The highest tax rate is 35%.
No taxes are levied on companies wholly owned by Qatari nationals or citizens of GCC countries. In addition, there are no payroll tax deductions, property tax, municipal tax, sales tax, withholding tax or value added tax.
It is possible to be awarded tax exemptions and tax holidays for certain businesses upon application to a committee established under the tax law for up to a period of 10 years. Contractors executing projects for companies or projects that were granted tax exemptions can avail themselves of such exemptions.
Tax is levied at progressive tax rates for various slabs of net income. The highest tax rate is 35%.
No taxes are levied on companies wholly owned by Qatari nationals or citizens of GCC countries. In addition, there are no payroll tax deductions, property tax, municipal tax, sales tax, withholding tax or value added tax.
It is possible to be awarded tax exemptions and tax holidays for certain businesses upon application to a committee established under the tax law for up to a period of 10 years. Contractors executing projects for companies or projects that were granted tax exemptions can avail themselves of such exemptions.