Qatar approves the Multilateral Convention on Mutual Administrative Assistance in Tax Matters

On 11 April 2018, Qatar approved the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“Convention”). Qatar signed the Multilateral Convention on 10 November 2017 (Link-Blog PwC). The Convention is one of the most important and powerful instruments in the area of international tax cooperation and it provides for all forms of administrative assistance in tax matters, e.g. exchange of information on request, spontaneous exchange, automatic exchange, etc. Moreover, the Convention provides for the extensive safeguards concerning the protection of taxpayers’ rights. As the Convention is the premier instrument for the implementation of the Common Reporting Standard (“CRS”), the Convention should enable Qatar to fulfil their commitment to begin the first exchange of the information by September 2018 (Link).

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