Qatar Cabinet Approves Draft Laws for Income Tax, VAT, and Selective Tax

According to a recent report from the Qatar News Agency, the Qatar Cabinet approved on 3 May 2017:

• The draft law to replace the current Income Tax Law promulgated by Law No. (21) of 2009 and Law No. (17) of 2014;
• The draft law and regulations to implement the GCC VAT; and
• The draft law and regulations for the GCC selective tax scheme.

The main aspects of the draft replacement of the Income Tax law include no longer exempting the share of non-Qatari investors in the profits of certain com…