Offshore Qatar

General information Tax data

Загальна інформація

Qatar, located on the east coast of the Arabian Peninsula, is bordered by Saudi Arabia to the south and by the Persian Gulf to the north, east, and west. It is divided into seven municipalities, with Doha as the capital. The official language of Qatar is Arabic, and the currency is the Qatari riyal (QAR).

Ruled by the Al-Thani family since the mid-1800s, Qatar transformed itself from a British protectorate noted mainly for pearling into an independent state with significant oil and natural gas revenues. Oil and natural gas revenues have placed Qatar as one of the highest per capita income countries, as well as one of the fastest growing economies. Qatar has the third largest natural gas reserves in the world and these are expected to last well into the 22nd century. Its proven oil reserves should also enable continued output at current levels for many years. Economic policy is focused on developing Qatar's non-associated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for approximately 50% of gross domestic product (GDP).

In Qatar, there are three regimes in which foreign investors can operate, as follows:

The State regime provides for the general framework for the majority of businesses operating in Qatar.
The Qatar Financial Centre (QFC) regime is modelled closely after the English common law and existing major financial centres through which financial institutions and professional service companies operate in Qatar.
The Qatar Science and Technology Park (QSTP) has the ability to provide tax exemptions for research and development (R&D) activities.

Податкова інформація

Corporate income tax rate (%)	10
Corporate income tax due dates
CIT return due date	Within four months from the end of a company's accounting period.
CIT final payment due date	Within four months from the end of a company's accounting period.
CIT estimated payment due dates	NA
Standard VAT rate (%)	NA
Withholding tax rates (%)	(Dividends / Interest / Royalties)
Resident:	NA
Non-resident:	0 / 7 / 5