Effective from 1 January 2020, it is anticipated that Qatar will introduce a broad Value Added Tax (VAT) at a rate of 5%.
During 2019, it is anticipated that Qatar will introduce VAT at a rate of 5%.
Who will be affected by the new tax?
VAT will impact most sales of goods and services in Qatar, with limited exemptions (e.g. financial services, insurance) and consumption tax relief. VAT-registered businesses will be able to claim credit for VAT paid on their expenditure, relating to their taxable business activities.
How can KPMG help?
KPMG professionals can help businesses prepare for the implementation of VAT in Qatar from a consulting, compliance and technology standpoint.
For more information on introduction VAT in Qatar please click here.