The amendments follow a consultation in which a number of firms and other stakeholders in the Centre, Qatar itself and abroad participated. The Centre's Authority Board then approved the amended Tax Regulations and accompanying Tax Rules on 10 June 2014. Following their approval, the amended Regulations and Rules were enacted by the Minister on 18 June 2014 in line with Centre Law. 

The Authority undertook the revision to update the Regulations and Rules to reflect legislative changes elsewhere in the Centre, in particular to ensure alignment with new rules on Special Purpose Companies, Holding Companies and Single Family Offices.

The Tax Regulations (which originally came into force in 2010) provide for the imposition, administration and collection of tax in line with Article 17 of QFC Law No. 7/2005.

Under the amendments, Qatari-owned entities can now elect for a zero tax rate to apply to their operations in the Centre.