Qatar

An entity that is wholly or partially foreign owned and that derives income from sources in Qatar is taxable at the rate of 10% in the country.

In Qatar, a foreign investor is required to have 1 or more local (Qatari) partners to start a business, with the latter’s share being at least 51%. However, non-Qatari persons can directly invest in the sectors of agriculture, industry, healthcare, education, tourism, exploitation and development of natural resources, energy or mining.

The most commonly preferred business entity by foreign investors in Qatar is the Limited Liability Company (LLC). It requires a minimum share capital of QR 200,000 (about 55,000 USD).

The corporate tax rate in Qatar is 10%.

The tax rate for oil and gas companies in Qatar is 35%.

A time gap of 3 years is provided to companies in Qatar to carry forward their business loses.

The different types of taxes exempted in Qatar include capital duty, property tax, transfer tax and stamp tax.

Resident companies in Qatar must file their tax-return within 4 months after the end of the accounting year.

There are three arbitration centers in Qatar namely, Qatar International Center for Arbitration, QTF Tribunal, and arbitration centers in Europe or North America.

DTA refers to Double Taxation Agreement. It is a tax treaty that is signed between two or more countries to avoid double taxation from the source and residence country.