The Shura Council approved amendments to the Income Tax Law, aiming to ensure tax fairness between local and global companies operating in Qatar by establishing a global minimum corporate tax rate of 15%.

Analysis

Qatar Shura Council approved amendments to the Income Tax Qatar Law No. 24/2018. The amendments aim to ensure tax equity between local and multinational companies operating in Qatar by implementing a global minimum corporate tax rate of 15%. The General Tax Authority clarified that the new amendment applies exclusively to multinational corporations with foreign branches and annual revenues exceeding 3 billion Qatari Riyals, including Qatari companies with branches outside Qatar and global companies with branches in Qatar.

The amendment do not affect individual taxpayers or local companies operating in Qatar, which are currently subject to a 10% corporate income tax.

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