Monday 13 June 2011

Gulf Times – Qatar introduces withholding tax

Qatar has introduced withholding tax and will also issue tax cards to corporates that are subject to taxes, according to PricewaterhouseCoopers (PwC).

The PwC has welcomed the finalised executive regulations for the Qatar Tax Law (Law No 21 of 2009), which were published last Thursday by the Ministry of Economy and Finance but sought tax rulings from the PRTD (Public Revenues and Taxes Department) to ensure more clarity.

“One of the most significant developments of the new tax law was the introduction of withholding tax on payments made to non-residents who do not have a permanent establishment (basically a fixed place of business) in Qatar,” PwC said.

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