Qatari Cabinet Approves VAT
by Lorys Charalambous, Tax-News.com, Cyprus
05 May 2017
Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among the Gulf Cooperation Council states – Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman.
At the same meeting, the Cabinet approved a draft law to "exempt the share of non-Qatari investors in the profits of some companies and investment funds from income tax," the official Qatar News Agency reported.
In a meeting on June 16, 2016, Ministers of Finance from the Gulf Cooperation Council states approved, in principle, the introduction of VAT and new excise duties, as part of a common framework.
The agreement paves the way for the introduction of a pan-GCC VAT framework from January 1, 2018.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Big changes Afoot... »
- I.T. is IT! »
- What Is a Registered Agent, and Why You Need a Registered Agent for Your Business? »
- Spring Cleaning? »
- Brexit and Covid and Tax, Oh My! »
- Why is the Hong Kong startup ecosystem growing rapidly? »
- Happy Holidays? »
- COVID Continues To Capture Headlines »
- Taxing The Zeroes And Ones »
- Value Added News... »