It is anticipated that VAT would be broadly imposed at a rate of 5%, and the new VAT regime would have implications for most sales of goods and services in Qatar (with possible limited exceptions being available for certain activities of financial services and insurance).
All persons and entities conducting business in Qatar would need to register for VAT purposes. These VAT-registered businesses would be able to claim a credit for the amount of VAT paid on expenditures relating to their taxable business activities.
Source KPMG
Latest Posts in "Qatar"
- Qatar Modernizes Tax System with VAT and E-Invoicing for Economic Diversification
- Tax Landscape in Qatar: VAT Implementation and Electronic Invoicing
- Qatar and Russia Collaborate to Advance Digitalization and E-Invoicing in Tax Systems
- Qatar VAT is coming: What businesses need to do now
- E-Invoicing in the GCC: Latest Mandates and Proposals
