Cash Refunds for Tax Losses to be Provided in Qatar Financial Centre

On 5 February 2015, it was announced that tax losses companies licensed for the Qatar Financial Centre (QFC) will be eligible to claim a cash refund for tax losses in their first two years of operations subject to certain conditions, including:

• The QFC entity is a Limited Liability Company,
• Operations were launched after 1 January 2015,
• It carries on a permitted activity in or from the QFC,
• It has at least 3 full time employees, and
• It has not elected to benefit from exempt status or to be t…