Article 91 - Concessionary Rate Charge

(1) The Concessionary Rate Charge is—
(a) in respect of a QFC Entity which, at the relevant time, has issued share capital of an amount of QR 1,500,000 or less, QR 10,000; or
(b) in respect of a QFC Entity which, at the relevant time, has issued share capital of an amount above QR 1,500,000, QR 20,000.
(2) “Relevant time” in Article 91(1) shall mean the last day of the first Accounting Period to which the election referred to in Article 88 is to apply.
(3) The Concessionary Rate Charge is payable on the day following the expiry of 6 months from the end of the first Accounting Period to which the election referred to in Article 88 is to apply.
Inserted (as from 18th June 2014)