Qatar plans to cut corporate tax to 10 per cent next year, Finance Minister Youssef Kamal said on Wednesday, as the Gulf state seeks to attract investors. The corporate tax rate is currently as much as 35 per cent.
"There is a tax bill about to be issued that would bring down the tax to 10 per cent. It would be implemented as of 2010," Kamal told a conference in remarks broadcast by Al Jazeera television.
Qatar, the world's biggest exporter of liquefied natural gas, has the world's friendliest tax climate, according to Forbes 2009 Tax Misery and Reform Index, which evaluates policies that attract or repel capital and talent.
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