‹ Part 2: General Scheme of Taxation, Residence and the Charge to Tax Article 7 - Scope of Regulations › Article 6 - Policy Statement on the General Scheme of Taxation QFC Entities are taxed on their Local Source Profits, with only one category of Taxable Profits. ‹ Part 2: General Scheme of Taxation, Residence and the Charge to Tax Article 7 - Scope of Regulations ›