VATLive > Blog > Qatar > Qatar VAT delayed till 2021

Qatar VAT delayed till 2021

  • Dec 19, 2019 | Richard Asquith

The Gulf state of Qatar has published its 2020 budget without any plans to implement Value Added Tax. The state is committed with the five other states of the Gulf Cooperation Council to launch a harmonised 5% VAT union by 2021. To date, only Saudi Arabia, UAE and Bahrain have introduced the consumption tax.

Key features of the eventual Qatari regime will include:

  • VAT law and supporting Executive Regulations
  • Registration threshold of QAR364,000
  • VAT rates of 5% and 0% (exports, medicines, international transport)
  • Imports subject to VAT
  • Exemptions for financial services, and real estate
  • Monthly VAT reporting

Qatar is expecting to have a budgetary surplus in 2020 based on a target price of $55 per barrel (currently $60).

Politically, Qatar has drifted apart from the other Gulf sates amid divisions over security matters.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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