For years, there have been three tax regimes in Qatar in which foreign investors could operate: the state of Qatar, the Qatar Financial Centre (QFC), and the Qatar Science and Technology Park (QSTP). Historically, most foreign investors have set up in the state, but recent changes are encouraging investors to reconsider.
In conjunction with PwC, this chapter contains an overview of the tax framework in which local and foreign investors operate in Qatar, including a look at the Customs duty exemptions for some firms and an outline of the incentives available to those businesses that are diversifying the economy.
This chapter also includes a viewpoint from Stephen Anderson, Managing Partner, PwC Qatar...
Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
The Philippine economy is gradually on the rise, largely driven by its business process outsourcing, industry and construction sectors. The average pace of growth in the Philippines in the first half of the decade was 6.3%, compared to 6% in Indonesia, 5.8% in Malaysia and Vietnam, and 3.6% in Thailand.
The business climate in Sarawak is generally open and encourages foreign investors to invest in and establish businesses in the state. Additionally, with structured tax laws and a broad range of incentives, the tax environment in Sarawak also makes it a favourable destination for investors.
This chapter gives an overview of taxation in Sarawak, which is governed by the general policies of the Malaysian federal government. Key areas of focus include double taxation agreements, corporate tax, investment tax allowance, incentives and green technology tax exemptions.
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