The impact of VAT on the retail sector
It is anticipated that Qatar will announce Value Added Tax (VAT) law and its Executive Regulations during 2020.
All businesses in Qatar will be affected by the introduction of VAT. However, the Retail sector differs from other industries, as there are a large number, and wide variety, of market participants –from local groceries to global hypermarket chains and there are a number of factors to consider which will affect different aspects of their operations.
In this flyer, we have highlighted the key areas that retailers should consider to ensure that they manage VAT effectively, drawing on our knowledge of VAT treatment around the world. When the VAT law is released in Qatar, it is important that retailers assess it carefully to ensure they are fully compliant and manage their tax in the most efficient way possible.
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© 2020 KPMG Qatar Branch is registered with the Ministry of Commerce and Industry, State of Qatar and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
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