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QFC amends tax rules

Qatar Financial Centre Authority has introduced amendments to the QFC Tax Rules and Regulations, which enable Qatari-owned entities to elect for a zero tax rate to apply to their operations at the QFC, Gulf Times has reported. The changes will also help them to invest overseas by introducing advantageous changes to the taxation of structures, which previously could only be set up abroad, but these latest changes to the QFC Tax Regulations and Rules encourage their formation in Qatar.