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Includes zero rate of withholding tax on dividends
A first-time comprehensive double taxation agreement (DTA) between the UK and the State of Qatar has been signed in London.
Important features include:
- the latest Organisation for Economic Co-operation and Development provision on exchange of information;
- zero rate of withholding tax on dividends (except for real estate investment trusts);
- zero rate of withholding tax on interest but with a provision to ensure the benefits of the interest article can only flow to Qatari residents and companies owned by Qatari residents.
The DTA is available on HMRC's website and will be published by the Stationery Office as soon as it is presented to Parliament for approval.
The agreement enters into force 30 days after both countries have completed their legislative procedures. The provisions will then take effect from the next calendar year.
