An agreement between the Kingdom of Spain and the State of Qatar for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed last 15th December.
The taxes covered by this agreement are:
I) The income tax on individuals.
II) The corporation tax.
III)... Read More
As mentioned in our last monthly summary, Del Canto Chambers facilitated the agreement between Diario AS and E-Management Dar Al Sharq group, and the launching of what will become the largest Spanish sports digital platform in the Arab world. Last month took place the presentation of AS ARABIA “The Arabic... Read More
The blockade enforced five months ago to the State of Qatar by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt has become the gravest diplomatic crisis in the history in the GCC area. The current emir, Tamim Al-Thani, that came to power in 2013 and is 37 years old,... Read More
This past month we strengthened our strategy and our team in the UK. Claudio Rodríguez Vera, tax adviser and abogado, moved to our office in Southampton, giving coverage to our clients in the Southeast region, while Julio Prieto has just become a European lawyer and is working from our offices... Read More
Today September 25th, PRISA Group and Dar Al Sharq Group from #Qatar have signed and agreement in Madrid to launch #AS_Arabia, the largest Spanish Sports Digital Platform in Arabic for the Arab world. With this agreement Diario AS takes a major step on its option for the international market.
At Del... Read More
This year August has been an unusual month at Del Canto Chambers. Unlike previous years, there has been a lot of activity in our offices in Madrid, London and Doha, which has given us the opportunity to combine some holidays with business.
Also an unusual month due to the terror attacks... Read More
León Fernando del Canto has published an opinion article in the newspaper The Peninsula Qatar on the importance and need to strengthen the Hispano-Arab dialogue. The article is translated from the original published in El Pais in Spanish as “Veintiséis millones de razones”.
Through an historical analysis of both cultures, he... Read More
Gulf tax revolution: Qatar approves VAT bill
Qatar has approved a bill for the implementation of VAT and other taxes in 2018. The rest of Gulf countries will also introduce measures of this type.
The Qatari government has recently approved a proposal for legislation to introduce the VAT tax and another rate... Read More
Qatar amends its arbitration law to attract foreign investment
The Qatari government has approved a new arbitration law adapted to the international standards on commercial law that are marked by the United Nations.
Qatar is one of the most important investment destinations in the Middle East, and for some years now it... Read More
Qatar to invest 5 billion pounds in UK
Qatar announces that it will invest a total of £5 billion over the next three to five years in transport, real estate and digital technology infrastructures.
The Qatari government, through the Ministry of Finance, has announced that it will invest some 5,000 million pounds... Read More
Three Qatari banks' merger could result in the largest Islamic bank in the country
Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar (IBQ) could merger in the largest Islamic bank in Qatar after Qatar National Bank (QNB), being the first Islamic bank in the country. If executed,... Read More
Qatar is one of the world's leading countries in the Middle East in real estate investments, especially after its recent acquisitions in the heart of New York.
Global investments in the real estate market made by Middle East countries reached the first half of 2016 close to 8.8 billion Euros (about... Read More
Economic relations of Britain and Qatar could be strengthened as a result of the British departure from the European Union.
Brexit and Qatar: The exit of the UK from the European Union, embodied in the referendum last June, will mean more economic and business opportunities for Qatar and the Gulf countries.
Taking into... Read More
The Qatari bank increase more than ten points its billing only in the first half of this year.
The Qatari's bank IQQB, the leading lender in Qatar, has got a net profit of 110.7 million euros in the first half of 2016, a 1.1% more than in the same last-year period... Read More
Qatar is taking a closer look at the possibility of introducing value-added tax (VAT) along with other GCC states, suggests a key planning document. The idea is to take up the long-term challenge of broadening the revenue base and reduce the non-hydrocarbon deficit (which is the overall surplus excluding hydrocarbon revenues). Backed... Read More
Qatar Selected Issues This Selected Issues Paper on Qatar was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on January 17, 2012. The views expressed in this document... Read More
Qatar’s “straight forward” tax system has been recognised worldwide with the country securing the position of “2nd easiest country to pay tax globally” in an annual report issued by PricewaterhouseCoopers, World Bank and IFC. The report titled “Paying Taxes 2012” cited the Middle East has “fewer and less complex” tax laws... Read More
Since opening our offices in Qatar we cannot but share the momentum that the region poses for Private Equity. As reported by the CFH Group, the Private Equity in the MENA region can be summarized as follows: A. Market / Motivation: 1. Interest from International Players: Many international groups are considering the GCC... Read More
With the openness of the world economy, the development of commercial exchange between countries and the increase of the volume of cross-border transactions, the State of Qatar has been seeking to enable the persons and companies carrying on activities in Qatar to deal with the tax burden resulting form imposing... Read More
Islamic Finance is the fastest growing industry in the financial panorama. The contractual arrangements are based in the Sharia, or Islamic Law. What would be the applicable law in a dispute between parties in an English or Spanish law jurisdiction where the parties submitted to the Sharia law? This is a new... Read More
Qatar is complying with international standards in tax policy development. It is one of the wealthiest nations in the world, with the 2nd highest GDP per capita of more than USD 70 000 on the strength of oil and natural gas exports. In 2005, Qatar established the Qatar Financial Centre... Read More