INCOME TAX IN QATAR: source QNA

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The Cookie Monster said it.

aviduser said Typical Qatar ...

Totally botched announcement. Only in Qatar could some good news actually seem like bad news.

This is actually good news as they are CUTTING income tax (actually corporation tax) on foreign owned companies in Qatar.

It used to be 35% they are cutting it to 10%.

This is on FOREIGN owned companies earning over 200,000 Rials profit.

This is NOT a PERSONAL income tax."

Right then. Perhaps when it was announced, they left out the most important portions of the announcement? Lol!

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The Cookie Monster said it.

Mandilulur said So they goofed with the first release and had to issue a "clarification?"

Hmm.. was it actually individual income tax (as discussed a while back) and the retraction was because of the public furore?

Either way, it doesn't really matter to me. Only hope that the taxes are not too much.

Taxes do help the country to be self sufficient in raising money to finance government programs and services - provided sufficient checks and balances are in place to avoid abuse of the same. Can't be always relying on citizens' wealth to finance everything.

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The Cookie Monster said it.

http://www.thepeninsulaqatar.com/Display_news.asp?section=Local_News&month=November2009&file=Local_News200911186419.xml

Proud To Be A PAKISTANI

.~*AnteecA*~.

"Income tax possibly for corporate organizations. I don't think they will target individuals."

If you had listened to me at 3:14 pm on the 17th of November all the fuss could have been avoided!

Proud To Be A PAKISTANI

.~*AnteecA*~.

phew!now that feels better....thanks a lot nicaq25 and anteeca

Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor

Qatar cuts tax to boost investment

...The law yesterday created confusion as people initially thought individuals as well as local companies will also have to pay income tax from next year.

A foreign news agency initially reported that even people will have to pay income tax from January 1, 2010. They later retracted the story and issued clarification that the tax is only for corporates.

The Peninsula office was inundated with calls. It was, however, cleared later that the law would apply only to foreign companies and that the tax slab had been drastically reduced to bolster foreign investment inflow into the country.

http://www.thepeninsulaqatar.com/Display_news.asp?section=Local_News&month=November2009&file=Local_News200911186419.xml

dont panic and read the below link

http://www.thepeninsulaqatar.com/Display_news.asp?section=Local_News&month=November2009&file=Local_News200911186419.xml

Proud To Be A PAKISTANI

.~*AnteecA*~.

income tax???nooooooooooooo!like timbandit said,now that's one more reason for me to get back home asap....might as well pay taxes to my home country than here :-S

Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor

Either individual or corporate, it will vastly affect our way of living here in Qatar. If corporate, price of commodities will rise thus us, as consumers, will greatly affected. If individual, same thing, less income to receive means lesser purchasing power.

what to do yani!

"BRING IT ON DUDE!!!"

I am impressed with the quality and the accuracy of this article's information.

It sure has to come from where it comes!

Even if there were taxes here, most countries have tax treaties with each other so that if you reside and work in one, you pay the taxes there - not in your home country. Canada, the US, the UK etc. all have tax treaties with each other.

Of course, given the sophistication of the handling of this announcement - I would not be willing to bet that that angle had been thought of in advance.

Signature line > "You can't fix stupid"

Those days still exist wherever we are in the world Even in Qatar after 1983!

We were on leave in the UK when it was announced on the 24th Dec. I laughed my socks off on the 27th when they abandoned the scheme.

I LOVE QATAR!!!

"Walang basagan ng trip!"

Income Tax ??

How much percent ????? shall put it in company expenses :p

and claim it from the finance dept :)

B T W if I am paying Taxes... Duty of Qatar resident..

Then I very well shall be eligible to enjoy the rights too.....

Or I am jus dreaming tht democracy is COMING SOON :)

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Men will wrangle for religion, write for it, fight for it, die for it, anything but live for it

at last that also came here ...

( income tax )

flan, as I said, they are implementing something, but they are not sure what is it exactly..:)

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"What lies behind us and what lies before us are small compared to what lies within us."

Oliver Wendell Holmes

it's not for individuals........plus did you guys really think qatar could implement something within 2 months!!??

http://www.arabianbusiness.com/573814-new-qatar-tax-law-for-cos-not-individuals

who cares? i wouldn't pay a single dollar..........lol

lemme outta here

"Christmas Eve"? "Boxing Day"? are you sure you are talking about Saudi? lol..

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"What lies behind us and what lies before us are small compared to what lies within us."

Oliver Wendell Holmes

I very much doubt they will tax individuals. I believe that companies undertaking short term work in Qatar have for some years been taxed on their fees unless it was written into the contract that tax was not to be paid.

Saudi tried to impose personal income tax on workers many years ago.

The law was introduced on Christmas Eve and by Boxing Day it had been revoked.

actually for some canadians no sense to stay here either :)

I still pay tax back home, as I have some property there and therefore cannot claim non-residency...

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"What lies behind us and what lies before us are small compared to what lies within us."

Oliver Wendell Holmes

I think they r still trying to understand difference between Corporate and personal Income tax... that's why they sound so much confusing.. let THEM to understand first what exactly they are going to implement, then we can discuss it...

for americans it has no sense to stay here, unless the companies will double their salaries...

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"What lies behind us and what lies before us are small compared to what lies within us."

Oliver Wendell Holmes

New Qatar tax law for companies, not individuals

by Inal ErsanThis email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 17 November 2009

TAX LAW: The Qatar News Agency had earlier not specified specifying the type of income it would tax.(Getty Images)Qatar's new income tax law would apply to revenues of corporations and not that of individuals, a government official said on Tuesday, clarifying a report on the official news agency.

The official Qatar News Agency said earlier on Tuesday the new income law would take effect as of Jan. 1, without specifying the type of income it would tax.

"This law will apply to companies ... not people," the official, who declined to be identified, told Reuters by telephone.

So it is for companies only not individuals, i hope this is really true.

Totally botched announcement. Only in Qatar could some good news actually seem like bad news.

This is actually good news as they are CUTTING income tax (actually corporation tax) on foreign owned companies in Qatar.

It used to be 35% they are cutting it to 10%.

This is on FOREIGN owned companies earning over 200,000 Rials profit.

This is NOT a PERSONAL income tax.

YAA IS NOT A PERSONAL

who's going to be benefited by this tax?

Locals? Expats?

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Anyway, maybe we should read this:

New Qatar tax law for companies, not individuals

http://www.arabianbusiness.com/573814-new-qatar-tax-law-for-cos-not-individuals

OMG!!! if it is really true, what will happen to us now? (I'm referring to low income employees like me). I'm so sad and affected by this news... I guess, many families will decide to go back to their home country.

I guess I need to start packing my bags...

Everything is relatively expensive in Qatar.

If there's tax, I think a lot of places better than here.

The weather the living cost , the people, the cars, the school... We come here just for money ...

The Saudi government mulled over implementing an individual/personal income tax a few years ago. So many professional expats threatened to resign and leave that the country would have been thrown into great disarray.

It was not implemented.

Signature line > "You can't fix stupid"

So they goofed with the first release and had to issue a "clarification?"

Mandi

Hmm, the Reuters report says individual income tax. I agree with PM, we pay enough in US taxes (sigh, don't get me started.)

Mandi

Nephi, i'm not jumping into conclusion. I'm just trying to visualize the Domino effect of this taxes. As per Sir Dolly report...(don't know yet if it is confirm),it is actually so sad, it will be a big loss to employees.

this tax is only for companies.

We may need to think to quit here !!!!!!!! ???????

In what way they're short....I don't know....!!!!! ????

DUBAI, Nov 17 (Reuters) - Qatar issued an income tax law on Tuesday, which could make it the first Gulf Arab country to tax the income of individuals.

The official Qatar News Agency said the bill would take effect as of Jan. 1, without giving details.

"Sheikh Tamim bin Hamad al-Thani, the emir's deputy and crown prince, issued today ... the income tax law," QNA reported. "The law stipulates that it would be enacted as of the first of January 2010 and publication in the official gazette." (Reporting by Inal Ersan; Editing by Martin Dokoupil).

Message from the QL Animal Section Editor:

Your post has been deemed ignorant.

You have been tracked.

Ready... Aim....

Congratulations... you have been Eliminated!

visit www.qaws.org

What does my profession have to do with anything?

I didn't drink the kool-aid! -- PM

income tax, it said details would follow in the Gazette.

About an hour later, a new release was issued about it being corporate tax.

Message from the QL Animal Section Editor:

Your post has been deemed ignorant.

You have been tracked.

Ready... Aim....

Congratulations... you have been Eliminated!

visit www.qaws.org

THIS JUST ON THE REUTERS WIRE SERVICE

DUBAI, Nov 17 (Reuters) - Qatar's new income tax law would apply to revenues of corporations and not that of individuals, a government official said on Tuesday, clarifying a report on the official news agency.

The official Qatar News Agency said earlier on Tuesday the new income law would take effect as of Jan. 1, without specifying the type of income it would tax.

"This law will apply to companies ... not people," the

official, who declined to be identified, told Reuters by

telephone

PM, Are you a teacher?

Boston,

Cool, I love to be on the cutting edge of a good "piss off" party.

in the foot. I'm taxed as an American here and I'll not accept being taxed as a Qatar resident, too.

I didn't drink the kool-aid! -- PM

I cant believe this... why are they implementing taxes?

DUBAI, Nov 17 (Reuters) - Qatar issued an income tax law on Tuesday, which could make it the first Gulf Arab country to tax the income of individuals.

The official Qatar News Agency said the bill would take effect as of Jan. 1, without giving details.

Qatar is a dump big time,the only thing worth staying for is the salary, if that gets taxed as well then I'm outta here...as will a large number of ex-pats from all walks of industry...good luck Qatar building and running your country yourself

Its the usual scaremongering with no basis in fact - move on - not worth discussing until I see some evidence to the contrary and not some half arsed rumouring....

Believe me, if they impose Income Tax to the Foreigners, Qatar is going to Dogs as there wont be anymore expats left in Doha. And believe me, the Qataris wont like to sweep the road clean as the expats are doing.

Yeah! nobody can touch my salary....NOBODY, NOBODY...BUT Me!!!whahahahha!!

check a song called "psychopump" ... amazing!!!!

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I'm Jack's complete lack of surprise

it is rubbish. false info!

If you're looking for a problem, you're probably gonna find one.

i think what will be left for me is only enough for a small bottle of mineral water..waaaaaaaaaaaaa

MyHotComments

Denali, I had to drive a little. Yeah, we should have a Boston Tea Party again. Sooner or later it will happen even in these "underdeveloped" countries here.

"Real Love has no Enemies"

Corporate Income tax is still existing.. then why should they again enforce another same law?

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I don't want a Signature line to prove that I'm great !!

someone is going to sell his porsche !!!

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I'm Jack's complete lack of surprise

It is income tax for corporates and not personal income tax.

There was a report in the dailies last week that they are cutting down the corporate income tax to support organizations to overcome the economic turmoil.

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- God Gives n Forgivs .. We Gets n Forgets -

very few country remaining now. UAE also going to implement income tax.

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I'm Jack's complete lack of surprise

huhuhu!!thats bad..how about me im working as partime only..can i pay tax? waaaaa! i will start walking to go back home coz i dont have riyal to buy plane ticket..all my salaries goes to income tax..i hope its not working..

guys it seems it's true , there will be 10% raise on all products...plus , it'll not be only in qatar but in all GCC countries...it's time to ask for a raise :D

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I'm Jack's complete lack of surprise

nope...its a big loss for chowking if they loss us...nyaaaaaaaaaaaaaaaaaa

dont ya worry i still have the budget for the french fries..lolzzzzz

MyHotComments

Boston, You up for a "tea party" like the old days?

taxation is a very huge and broad topic...no one can even discussed it without documents,i mean policy /rules on taxation....nobody can even implement without legality..so we'll wait for the black and white first.

yeah,

even my previous company do not issue payslips.

so how can they keep track.

you guys just hope you wont be taxed, else, it's really not funny at all being taxed.

expecially if the taxes get embezzled by government scoundrels!

start your engines!!!!

Alternatively, the employer (the company) shall borne all the employees income tax for critical services industries rather than seeing all skilled employees leaving. Qatar is very much a developing country.

it's unlikely to happen , cause this is their main point of strength , all expats here are working for the sole reason which is we don't pay taxes...moreover all companies are investing here for the same reason...it wont ever happen!!!

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I'm Jack's complete lack of surprise

Saudi said the same thing about 4 years ago and guess what ... still no tax in Saudi.

nephi, whether it will be implemented to all establishment only individual are still affected. why? try to visualize the effect this taxes to services and commodities prices..

I mean, individual income tax. How is that gonna work? They don't even know here how to keep accurate accounting. It's gonna be a mess. Therefore I really doubt it!

"Real Love has no Enemies"

same here Boston,

currently, i'm very much enjoying a tax free life outside the rat-race.

hoping i can stretch it longer till it last ;)

I remember that i have watched an interview of HH Sheikh Hamad on youtube, saying there is no plan to enforce tax in future..

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I don't want a Signature line to prove that I'm great !!

Stop fretting - this is in reference to Company taxation and we've known about it for a while - thats not to say that personal income tax wont be levied at a point in time in the future but there's no need to start booking your ticket just yet!!

oil money is over huh

It doesn't bother me Phoenix, I have no income, I get a honorary.

"Real Love has no Enemies"

same here.

That is something else i guess !

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I don't want a Signature line to prove that I'm great !!

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workers, coz if they would i dunno wat will happen to qatar if more workers will decide to left the country..

MyHotComments

where else can you get an income, tax free?

i guess only few places left...

H.H. the Deputy Emir and Heir Apparent issued as well Decree No. 21 of 2009 ratifying an agreement on the avoidance of double taxation and profits gained from international air transport signed in Doha between the Governments of the States of Qatar and the Swiss Confederation on 30.11.2008

http://www.qnaol.net/QNAEn/Local_News/Politics/Pages/HHTheDeputyEmirissuesRatification203513052009.aspx

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I'm Jack's complete lack of surprise

Whatta...!!! now they should set a minimum wage and yearly increase also... Bad news!

^^Boston,

income tax are for individuals deriving income from work is it?

corporate tax are for profits while doing business?

correct me if im wrong.

http://www.qnaol.net/QNAEn/News_bulletin/News/Pages/09-11-17-1439_158_0037.aspx

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I don't want a Signature line to prove that I'm great !!

pertaining to TAXATION? if it refer to individual taxation..thats not good..but if only refer to capitalist here that would be better.

No way here in Qatar

Income tax possibly for corporate organizations. I don't think they will target individuals.

"Real Love has no Enemies"

would be helpful to know what the law says.

What??? Income tax!!! If that comes in... I go out.

this is not good, if it is enforced, thats

another reason for not coming back there :(