Tax treaty between Qatar-Monaco: applicable starting from 2011

The tax treaty between Qatar and Monaco is applicable starting from 1st January 2011. Signed on 16th September 2009 and ratified by Qatar Decree No. 44/2010, the main provisions of the agreement are summarised below:

Permanent establishment

The term ‘Permanent establishment' means a fixed place of business through which the business of an Enterprise is wholly or partly carried on.

The term ‘Permanent establishment' also includes:

• a building site, a construction, assembly or installation project or any supervisory activity in connection with such site or project, but only where such site, project or activity continues for a period or periods aggregating more than 6 months within any 12 month period.

• The furnishing of services including consultancy services by an enterprise through  employees or other personnel engaged by the enterprise for such purpose, but only if the activities of that nature continue (for the same or connected project) within a contracting state for a period or periods aggregating more than 6 months within any 12 month period.

Dividends