| QFC Tax Regulations |
| Enactment Notice |
Part 1:
Application, Commencement and Interpretation |
Article 1 - Citation |
| Article 2 - Application |
| Article 3 - Commencement |
| Article 4 - Language |
| Article 5 - Interpretation |
Part 2:
General Scheme of Taxation, Residence and the Charge to Tax |
Article 6 - Policy Statement on the General Scheme of Taxation |
| Article 7 - Scope of Regulations |
| Article 8 - Residence and Non-Residence |
| Article 9 - The Charge to Tax |
| Article 10 - Local Source |
| Article 11 - Taxable Profits and Chargeable Profits |
| Article 12 - Currency of Tax Calculation |
| Article 13 - Non Residents |
Part 3:
Accounting Profit and Accounting Periods |
Article 14 - Policy Statement on Accounting Profit and Accounting Periods |
| Article 15 - Accounting Profit |
| Article 16 - Change in Basis of Accounting |
| Article 17 - Accounting Period |
| Article 18 - Deemed Disposals |
Part 4:
Computational Provisions |
Article 19 - Policy Statement on Computational Provisions |
| Article 20 - Scope of Charge |
| Article 21 - Deductions Not Allowable and Charitable Donations |
| Article 22 - Depreciation |
| Article 23 - Limits on Depreciation |
| Article 24 - Amortisation of Intangible Fixed Assets |
| Article 25 - Share Based Remuneration |
Part 5:
Loss Relief |
Article 26 - Policy Statement on Loss Relief |
| Article 27 - Calculation of Tax Losses |
| Article 28 - Carry Forward of Tax Losses |
| Article 29 - Transfer of Licensed Activity Without Change in Ownership |
| Article 30 - Disallowance of Tax Losses on a Change in Ownership |
| Article 31 - Determination of Change in Ownership |
| Article 32 - Group Relief |
| Article 33 - Corresponding Accounting Periods |
| Article 34 - Definition of a Group |
| Article 35 - Companies Joining or Leaving a Group |
Part 6:
Double Taxation Relief |
Article 36 - Policy Statement on Double Taxation Relief |
| Article 37 - Relief Under Agreements with Other Countries |
| Article 38 - Unilateral Relief |
| Article 39 - Calculation of Income Subject to Overseas Tax |
| Article 40 - Election to Treat as an Expense |
Part 7:
Reorganisations and Reconstructions |
Article 41 - Policy Statement on Reorganisations and Reconstructions |
| Article 42 - Intra-Group Transfer of Assets |
| Article 43 - Replacement of Business Assets |
| Article 44 - Reduction in Share Capital |
| Article 45 - Incorporation of a Business |
| Article 46 - Reorganisations and Reconstructions Carried out for Bona Fide Commercial Reasons |
Part 8:
Transfer Pricing |
Article 47 - Policy Statement on Transfer Pricing |
| Article 48 - Basic Rule |
| Article 49 - Loans |
| Article 50 - Guarantees |
| Article 51 - Compensating Adjustment Claims |
| Article 52 - Compensating Adjustment for Guarantor |
| Article 53 - Balancing Payments |
| Article 54 - Balancing Payments by Guarantor |
| Article 55 - Effect on Double Taxation Relief |
| Article 56 - Associated Persons |
| Article 57 - Control |
| Article 58 - Transfer Pricing Appeals |
| Article 59 - Supplementary Provisions |
Part 9:
General Partnerships and Limited Partnerships |
Article 60 - Policy Statement on General Partnerships and Limited Partnerships |
| Article 61 - General Scheme for Limited Partnerships and General Partnerships |
| Article 62 - Payment of Tax and Computation of Chargeable Profits of Limited Partnerships and General Partnerships |
Part 10:
Limited Liability Partnerships |
Article 63 - Policy Statement on LLPs |
| Article 64 - General Scheme for LLPs |
| Article 65 - Computation of Chargeable Profits of LLPs |
Part 11:
Islamic Finance |
Article 66 - Policy Statement on Islamic Finance |
| Article 67 - Taxation of Islamic Financial Institutions |
| Article 68 - Funding Costs of Islamic Financial Institutions |
| Article 69 - Taxation of Islamic Finance Transactions |
| Article 70 - Islamic Finance and Special Purpose Company |
Part 12:
Participation Exemptions |
Article 71 - Policy Statement on Participation Exemptions |
| Article 72 - Participation Exemption on Investment in Shares |
| Article 73 - Interaction between Article 42 and Article 72 |
Part 13:
Insurance Companies |
Article 74 - Policy Statement on Insurance Companies |
| Article 75 - Taxation of Insurers |
| Article 76 - Provisions |
| Article 77 - Takaful |
| Article 78 - QFC Captive Insurers |
| Article 79 - Reinsurers |
| Article 80 - Cessation of Business |
Part 14:
Special Exemptions |
Article 81 - Policy Statement on Special Exemptions |
| Article 82 - Election for Special Exempt Status |
| Article 83 - Registered Fund |
| Article 84 - Special Investment Fund |
| Article 85 - Special Funding Company |
| Article 86 - Alternative Risk Vehicles |
Part 15:
Concessionary Rate |
Article 87 - Policy Statement on the Concessionary Rate |
| Article 88 - Election for the Application of the Concessionary Rate |
| Article 89 - Qatari Owned QFC Entity |
| Article 90 - Concessionary Rate |
| Article 91 - Concessionary Rate Charge |
| Article 92 - Apportionment of Chargeable Profits |
Part 16:
Credit for Tax Losses |
Article 93 - Policy Statement on Credit for Tax Losses |
| Article 94 - Credit for Tax Losses |
| Article 95 - Reimbursable Tax Losses |
| Article 96 - Payment of Reimbursable Tax Losses |
| Article 97 - Requirement for QFC Entity to be a Going Concern |
| Article 98 - Restriction on Carry Forward of Tax Losses and Group Relief where a Tax Credit is Claimed |
| Article 99 - Artificial Arrangements |
| Article 100 - Restriction to Elect for Special Exempt Status or for the Concessionary Rate |
Part 17:
Administration |
Article 101 - Establishment of the Tax Department |
| Article 102 - Power to Delegate |
| Article 103 - Power to Make Rules |
Part 18:
Rulings by Tax Department |
Article 104 - Policy Statement on Rulings |
| Article 105 - Rulings |
| Article 106 - Practice Notes |
Part 19:
Records and Returns |
Article 107 - Policy Statement on Records and Returns |
| Article 108 - Records |
| Article 109 - Obligation to File a Return |
| Article 110 - Partnership Return |
| Article 111 - Filing Date |
| Article 112 - Self-Assessment |
| Article 113 - Calculation of Tax Payable |
| Article 114 - Claims |
| Article 115 - Prescribed Form and Information to Accompany Return |
| Article 116 - Amended Returns |
| Article 117 - Acknowledgement of Returns |
| Article 118 - Obvious Errors |
| Article 119 - Financial Sanctions Relating to Returns |
Part 20:
Enquiries |
Article 120 - Policy Statement on Enquiries |
| Article 121 - Notice of Enquiry and Notice of Intention not to Enquire |
| Article 122 - Scope of Enquiry |
| Article 123 - Amendment of Self-Assessment During Enquiry to Prevent Loss of Tax or Overpayment of a Tax Credit |
| Article 124 - Completion of Enquiry |
| Article 125 - Notice to Produce Documents and Information |
| Article 126 - Amendment of Return by QFC Entity During Enquiry |
Part 21:
Assessments |
Article 127 - Policy Statement on Assessments |
| Article 128 - Discovery Assessments and Determinations |
| Article 129 - Time Limits for Assessments |
| Article 130 - Error or Mistake |
| Article 131 - Assessment Procedure |
Part 22:
Appeals |
Article 132 - Policy Statement on Appeals |
| Article 133 - Appeal Procedure |
| Article 134 - Tax Department Review |
| Article 135 - Appeals |
| Article 136 - Late Appeals |
Part 23:
Information Powers |
Article 137 - Policy Statement on Information Powers |
| Article 138 - Notice to Obtain Information |
Part 24:
Payment and Recovery |
Article 139 - Policy Statement on Payment and Recovery |
| Article 140 - Due and Payable Date |
| Article 141 - Recovery of Overpayment |
| Article 142 - Collection and Recovery |
| Article 143 - Late Payment of Tax Charge |
| Article 144 - Compensation for Overpayment of Tax |
| Article 145 - Tax Treatment of Charges and Compensation Under Articles 143 and 144 |
| Article 146 - Due and Payable Date in Respect of an Overpayment of a Tax Credit |
Part 25:
Financial Sanctions |
Article 147 - Criminal Proceedings |
| Article 148 - Determination of Financial Sanction |
Part 26:
Miscellaneous and Supplemental |
Article 149 - Responsibility of Representatives |
| Article 150 - Dividend Exemption and Exempt Returns on Public Treasury Bonds |
| Article 151 - Government Exemption |
Part 27:
Interpretation and Definitions |
Article 152 - Interpretation |
| Article 153 - Definitions |
