...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&mon...
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&mon...