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Qatar to drop corporate tax rate to 10%
- Qatar: Wednesday, November 04 - 2009 at 16:01
Qatar has announced plans to lower the tax rate on foreign companies to a flat 10% starting next year, the counry's finance minister said. 'There is a new tax law and once promulgated it will lower the rate to 10%,' Youssef Hussain Kamal said in Doha today. Qatar currently taxes profits at foreign-owned companies at a progressive rate ranging from 10 to 35%, according to Bloomberg.
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