02 Dec

Important Tax Alert for FIFA-related activities in Qatar

(0 votes)

In reference to the “Law No 10/2021 measures for hosting FIFA world cup, and Resolution No 9/2022 on tax and customs exemptions for hosting World Cup 2022”, resident and non-resident beneficiaries that have an agreement, directly or indirectly, with any business relation connected with FIFA and its affiliates or FIFA contractors according to the terms of the Law will be eligible to tax exemption as stated in article 8 of law No 10, and article 13/1 of the resolution No 9/2022.

1. Resident and non-resident beneficiaries that have any agreement with FIFA directly or indirectly, then, FIFA and in coordination with the supreme committee for delivery & legacy should apply at the General Tax Authority to obtain a tax exemption certificate issued by the latter according to articles 9 and 13/1 of the resolution No 9/2022 exempting the same companies from paying any tax during the FIFA world cup period.

2. Resident and non-resident beneficiaries will be exempted from excise duty provided they apply for a refund of excise by supplying the original invoices, bank account certificate, and proof that the purchase is related to FIFA-related activities.

3. Resident and non-resident beneficiaries that do not have such agreements are not eligible for this exemption.

4. You cannot consider the above as a tax advise, if you need to get further information, you need to contact our tax expert.

NOTE: Any tax advice given is founded on the information given to us and on the current tax law including judicial and administrative interpretation, and the facts. Tax laws are constantly changing, often retroactively, and this could lead to additional taxes, interest fees, or penalties. Our advise might not be applicable if the information given to us is inaccurate or insufficient, or if the law or how it is interpreted changes. We are not responsible for updating our advice for changes in law or interpretation after the date hereof.

Connect with our team at HLB AG for professional advice regarding tax, business, finance, compliance and AML. Contact Us

Read 613 times Last modified on December 03, 2022
Antonio Ghaleb

Antonio Ghaleb is accredited in Qatar and holding the auditor’s registration number 348. Also he is a member of the following institutions: a) American Institution of Certified Public Accountant (AICPA), b) Guam Board of Accountancy, c) Certified in Risk Management Assurance “CRMA”, d) Chartered Global Management Accountant designation “CGMA”, and e) International Financial Reporting Standards (IFRS).

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

LinkedIN

Contact Us

Antonio Ghaleb & Partner CPA

Office Address
Lusail City, The e18hteen Tower 32nd Floor، Doha

Email: [email protected]

Phone: +974 4497 9530

Mobile: +974 7777 1870

Web: https://www.antonioghaleb.com

Office Timing (GMT +3)
Saturday to Thursday 8am - 5pm

footer logo3

AG & partner CPA was founded and registered in the Ministry of Economy and Commerce in Qatar under Commercial Registration number 103317

The founder is a member of the American Institution of Certified Public Accountant (AICPA) holding the membership number 6231191.

FOLLOW US


HLB International

Antonio Ghaleb and Partner is a member of HLB international- a world wide network of independent accounting firms business advisors. https://www.hlb.global

  +974 4497 9595

  +974 7777 1870

phone