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The Qatar Financial Centre Authority ( QFCA ) Tax Department have issued a Concessionary Statement of Practice (the Statement ) providing for an exemption to Qatar Financial Centre ( QFC ) companies performing contracts in the defense and security sector in the State of Qatar.
The intent behind the Statement is to offer defense and security companies engaged in significant projects in Qatar the incentive to use the QFC as their platform.
The exemption will be granted to companies which fulfill the following substantive criteria, in addition to a few administrative criteria listed in the Statement: