The Qatari Minister of Finance was reported as saying that Qatar is considering the reduction of its corporate tax rate to 10% instead of the 12% flat rate announced in a previous statement. The 10% flat rate would replace the current progressive rates ranging from 0% to 35%.
The Minister was also reported to have said that a similar plan is being discussed within the Gulf Cooperation Council (GCC member States are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates).…