Qatar Confirms 15% Minimum Corporate Tax Rate, Aligning with Global Standards

Qatar has announced significant changes to its income tax law, including the introduction of a 15% minimum corporate tax rate. This move aligns Qatar with international standards set by the OECD BEPS 2.0 project. The new tax will be based on "excess profits" of affected Qatar-based companies. Other key changes include expanding taxable income to include certain foreign-source revenues, new reporting obligations for economic substance regulations, and requirements for companies to report beneficial ownership information. These updates demonstrate Qatar's commitment to modernizing its tax system and enhancing transparency in line with global practices.

 

Source: BDO Global