Qatar announced it would begin implementing a 15% corporate minimum tax rate for large multinationals into its domestic law.
The decision ensures that multinational companies contribute their fair share of taxes worldwide, in line with the Organization for Economic Cooperation and Development’s international tax agreement, the Qatar tax authority said in a statement Thursday.
Qatar’s General Tax Authority will issue “necessary guidance manuals and executive decisions” to “clarify the implementation mechanisms,” according to standards set under the minimum tax rules, it said.
- The global minimum tax, also known as Pillar Two of the OECD-led global tax deal, seeks to ...