tax Archives

2 min

Business

Experts: Qatar businesses should start preparing for VAT now

The 5 percent value-added tax (VAT) is expected to take effect here in 2018 as part of a GCC-wide agreement. It comes as Qatar's government forecasts budget deficits for the next three years amid falling oil prices.

4 min

Business

Expert: Qatar, GCC to roll out consumption taxes within three years

Earlier this month, GCC finance ministers agreed to exempt 94 food items, as well as education and health services, from taxation and set a new deadline for member states to individually start levying a VAT.

2 min

US tax collectors keeping closer watch on Americans in Qatar

Under an agreement signed between the US and Qatar earlier this year, local banks are required to report previously private details of American customers to the IRS.

3 min

Business

Possibility of new taxes in Qatar sparks debate

While the suggestion has the support of many economists and even some residents, others have argued it would be problematic for a country that already has a high cost of living.

3 min

Report: Junk food tax could help Qatar fight obesity, raise money

Making unhealthy food more expensive to try to reduce consumption is a new suggestion for a nation grappling with one of the highest rates of obesity in the world.

1 min

IMF “pressuring” Qatar to introduce taxes

IMF “pressuring” Qatar to introduce taxes Reports the Peninsula newspaper: DOHA: The International Monetary Fund (IMF) is putting pressure on Qatar to impose taxes but the country has been reluctant…

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