Results 1 to 1 of 1

Thread: Qatar, UAE top world tax ranking with 11.3% & 14.8% rates

  1. Qatar, UAE top world tax ranking with 11.3% & 14.8% rates



    DOHA: Qatar and the UAE share an equal first place in the overall tax ranking, with a total tax rate of 11.3 percent, 41 hours and 4 payments for Qatar and a total tax rate of 14.8 percent, 12 hours and 4 payments for the UAE. Paying Taxes 2015 measures all mandatory taxes and contributions that a medium-size company must pay in a given year. Taxes and contributions measured include the profit or corporate income tax, social contributions and labour taxes paid by the employer, property taxes, property transfer taxes, dividend tax, capital gains tax, financial transactions tax, waste collection taxes, vehicle and road taxes, and other small taxes or fees.
    Middle East continues to be the least demanding tax framework in the world, with an average total tax rate of 24 percent, 16.8 average number of payments and an average time to comply of 160 hours, according to a new report published by the World Bank and PwC.
    Jeanine Daou, partner and Middle East leader for indirect taxes and fiscal policy, added: ďAs we have seen with the recent and substantial tax reforms in different countries in the region, governments in the Middle East are very much engaged in deliberations concerning tax reform, not just in terms of fiscal balances, but also with broader policy objectives such as encouraging economic growth.
    Only 15 percent of the economies in the Middle East region have implemented electronic systems for filing and payment of taxes for at least one type of tax that are used by the majority of companies. This is second lowest result across all the regions.
    Globally, the report said paying taxes has become easier over the past year for medium-sized companies around the world.
    The time it takes an average company to meet its tax obligations dropped by four hours last year, while the total amount the average company paid in taxes and the number of payments it made also declined in the past year.
    Attached Images Attached Images  



Similar Threads

  1. Iran Gas & Qatar, UAE & Saudia
    By Realpaki in forum Political Discussion
    Replies: 0
    Last Post: 28th June 2013, 01:22 PM
  2. ICC One Day Ranking - Ajmal Hafeez on top
    By Realpaki in forum Sports Corner
    Replies: 0
    Last Post: 29th January 2013, 01:10 PM
  3. ICC ranking: Saeed Ajmal gets top spot in ODI
    By mubasshar in forum Sports Corner
    Replies: 0
    Last Post: 6th September 2012, 07:08 PM
  4. England retain top ranking as SA stumble
    By imported_admin in forum Sports Corner
    Replies: 0
    Last Post: 12th March 2012, 11:28 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •