Regulatory Alerts2018-01-01
Added · Updated
Law No. (24) of 2018 Promulgating the Income Tax Law
Law No. (24) of 2018 promulgates the Income Tax Law in Qatar, establishing a general corporate income tax rate of 10% on taxable income while maintaining a 35% rate for petroleum and petrochemical operations. The law defines resident and non-resident taxpayers, specifies exemptions for categories such as Qatari individuals and certain investment funds, and outlines obligations for tax registration, filing returns, and maintaining accounting records. It grants the General Tax Authority powers to assess taxes, imposes financial penalties for non-compliance ranging from 500 to 500,000 Qatari Riyals, and establishes a Tax Disputes Committee for appeals.
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