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Qatar: Cabinet approves tax changes

The cabinet approved draft laws on income tax and value-added tax (VAT) at a meeting on 3 May chaired by prime minister Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani. The new income tax law replaces existing statutes which provide an exemption for non-Qatari investors from tax on profits of some companies and investment funds. The VAT law is in line with the wider Gulf Co-operation Council plan to impose the sales tax from 2018.

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