Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Qatar Financial Centre Authority rolls out new tax regime

By International Adviser, 27 Jun 11

The Qatar Financial Centre Authority has set out a new tax regime.

The Qatar Financial Centre Authority has set out a new tax regime.

Under the new regime, which has effect from 1 January 2010, all QFC registered companies are subject to a 10% corporation tax to be charged on locally sourced profits. In addition, an advance transaction ruling scheme has been incorporated into the regime to give firms more certainty of tax treatment.

Furthermore, the regime, which will be administered on a self-assessment basis, also includes tax incentives for reinsurance, captive insurance and asset management firms.

Shashank Srivastava, acting CEO of the QFCA said: “It is important to have a viable tax regime that ensures a sustainable economy. We believe we have achieved the ideal balance for companies that operate here and the State of Qatar, which provides such world class services and access to one of the world’s most attractive investment pools.”

The regime has been developed over the past three years in conjunction with the Ministry of Economy and Finance, and the financial services industry, the QFC Authority said in a statement, and replaces the temporary tax holiday which ended on 31 December 2009.
 

Tags: Qatar

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Businessman hands stamped the approved on document paper, Vector Illustration in flat style.

    Industry

    MIH completes acquisition of Guernsey based TISE

    Africa

    The date is set: IA’s Global Financial Services Awards 2025 winners announced on June 25th

  • Industry

    II Connect 2025: Video highlights

    Europe

    Pre-II Connect Q&A: Isle of Man’s Simon Pickering and Michael Crowe


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.