To promote and endorse, further, the in pouring and continued influx of interested foreign investors in Qatar, to provide tax relief from corporate tax cost – both current and newly established businesses: permanent and non-residents - the government introduced a “lower headline rate of corporate income tax, wider range of tax treaty structuring options, and changes in withholding tax obligations.”

The tax bracket system from a minimum rate of 0% to 35% maximum was superseded by the “substantially simplified – as of 01 January 2010 – taxable profit flat rate of 10%. This rate will exponentially “reduce the tax cost, as well as dropping the administrative burden on companies and increasing certainty regarding group’s taxation affairs.

“In Article 11 of the new tax law,  a withholding tax is levied on payments made in respect of technical remunerations (5%), as well as on certain interest: commission, brokerage, management, attendance and service fees paid to non-residents (7%).”

However, this new tax rates are not applied to entities established in Qatar Financial Centre, and that such entities, being resident of Qatar, should not be considered non-residents to whom the withholding tax obligations attach.”

Qatar offers the least tax rate to attract investors, and has one of the lowest taxation rates in its neighboring countries.