Qatar’s Cabinet has approved a draft VAT Law and a draft income tax law
Qatar’s Cabinet has approved a draft VAT Law and its Executive Regulations. The Cabinet also approved a draft income tax law and its draft executive regulation. If approved further, the amendments will replace Qatar Law No. 21/2009 and Qatar Law No. 17/2014. In addition, a draft Ministerial Decision issuing the Executive Regulations to the selective tax law were approved. It include provisions on tax entitlement, declarations of loss or damage of selective goods, inspection of damaged goods, registration, tax declaration, rules of payment of tax for locally produced goods, maintenance of accounting systems, accounting records and control and inspection rules.